Wednesday, April 27, 2005

Sime Darby Says In Talks To Buy Medical Center

Malaysian conglomerate Sime Darby Bhd. (4197.KU) said Wednesday its wholly-owned unit Subang Jaya Medical Centre Sdn. Bhd., is in discussions to acquire Megah Medical Specialists Group Sdn. Bhd.
Closely held Megah Medical operates a medical day-care center and provides other health care services.
"An announcement will be made if and when a share sale agreement is signed," Sime Darby said in a brief statement to the local stock exchange.
The Subang Jaya Medical Centre is a private hospital that has 375 beds and 14 surgery rooms.

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