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March 29 (Reuters) - Malaysian conglomerate Sime Darby SIME.KL said on Wednesday it has not yet decided to divest its Asia-focused healthcare joint venture with Australia's largest private hospital operator Ramsay Health Care (RHC) .
The development comes a day after Reuters reported, citing sources, that the two parties were planning to revive the sale of the venture Ramsay Sime Darby Health Care, in a deal that could value the business at about 6 billion ringgit ($1.36 billion).
According to the sources, the companies were in talks with financial advisors to explore a sale of the joint venture to strategic investors.
Last March, Malaysia's IHH Healthcare IHHH.KL , one of Asia's biggest private hospital operators, had submitted an indicative proposal to buy Ramsay Sime Darby Health Care.
The discussions were called off in early September, weeks after a group led by private equity firm KKR & Co Inc KKR.N
withdrew
a near $15 billion all-cash buyout offer for Australia-listed Ramsay Healthcare.
($1 = 4.4160 ringgit)
News: RHC UPDATE 1-Malaysia's Sime Darby says no decision yet to sell healthcare JV with Ramsay
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Mkt cap ! $8.695B | |||
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