Khazanah aims to lock in profits with hospital sale

Khazanah Nasional has agreed to sell a top-tier hospital in Malaysia’s capital to IHH Healthcare, Asia’s biggest private hospital group and one of its portfolio companies, in the latest sign of the sovereign wealth fund's willingness to sell down healthcare assets as it seeks to monetise some of its direct investments. Malaysia’s sovereign wealth fund struck a deal worth MYR1.02 billion ($244 million) with IHH for the sale of Prince Court Medical Centre, a 277-bed hospital located…