Parkway Pantai
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Company type | Parent IHH Healthcare | |
---|---|---|
Website | www |
Parkway Pantai, Ltd. is a
Background
Parkway Pantai owns a network of 21 hospitals, including four private
The Group's other healthcare network in Singapore includes Parkway Shenton Pte Ltd, one of Singapore's biggest general practices; ParkwayHealth Radiology, a leading radiology service provider; and ParkwayHealth Laboratory, a major provider of laboratory services locally.
Some of Parkway's hospitals are subjected to international healthcare accreditation, while others are not.[citation needed]
Hospitals
- Parkway East Hospital
- Gleneagles Hospital
- Mount Elizabeth Hospital
- Mount Elizabeth Novena Hospital
- Gleneagles Kuala Lumpur
- Gleneagles Penang
- Gleneagles Kota Kinabalu
- Gleneagles Medini
- Gleneagles Hong Kong
- Pantai Hospital Ampang
- Pantai Hospital Ayer Keroh
- Pantai Hospital Batu Pahat
- Pantai Hospital Cheras
- Pantai Hospital Ipoh
- Pantai Hospital Klang
- Pantai Hospital Kuala Lumpur
- Pantai Hospital Manjung
- Pantai Hospital Penang
- Pantai Hospital Sungai Petani
- Gleneagles JPMC
- Gleneagles Global Health City, Chennai
- Gleneagles Global Hospitals, Bengaluru
- Gleneagles Global Hospitals, Hyderabad
- Apollo Gleneagles Hospital
- Shanghai International Medical Center
History
On 14 September 2005, Singapore's Parkway Holdings Ltd acquired a 31 per cent stake in Pantai Holdings Bhd for RM312 million (US$82.8 million) to emerge as the largest shareholder of the leading private health-care service provider in Malaysia. Analysts said the move by Parkway, South-east Asia's largest healthcare provider, may spark consolidation in private hospitals in Malaysia.[citation needed]
Parkway bought an additional 35 million shares, or an 8.8 per cent stake, in the open market for RM1.70 each[when?]. The company also purchased 24.3 million warrants from Datuk Lim for RM1.33 apiece, bringing the total to RM311.6 million. Parkway, which is 26 per cent owned by US private equity fund Newbridge Capital, said there will be potential operational synergies with its existing two Malaysian hospitals and other hospitals in the region. With the deal, Parkway would control Pantai's seven hospitals and about 1,000 beds.[citation needed]
An analyst from Nomura Advisory Services told
Parkway Holdings Limited began operating as a subsidiary of Parkway Pantai Limited in August 2010.[3]
References
- ^ "Malaysia's Khazanah prepares $2bn IPO of IHH". Financial Times. 3 November 2011.
- ^ "Parkway Pantai Ltd issues US$2bil bond to refinance debt". NST Online. 2017-07-14. Retrieved 2017-11-22.
- ^ "Parkway Holdings Limited: Private Company Information". Business Week. Archived from the original on March 20, 2008. Retrieved 8 May 2014.