Malaysia listed firm to buy Singapore-based facilities management company for $185.9M

If successful, it will turn the company a regional market leader.

Total asset solutions provider UEM Edgenta Bhd is proposing to acquire Asia Integrated Facility Solutions, which indirectly owns UEMS, for S$185.9 million (RM563 million).

UEMS is a 25-year old facilities management company based in Singapore and serving over 60 public and private hospitals in Malaysia, Singapore and Taiwan.

Amongst its clients in Singapore are Changi General Hospital, St. Luke's Hospital, Tan Tock Seng Hospital as well as Sengkang Health @ Alexandra Hospital.

In a statement filed to Bursa Malaysia today, UEM Adgenta said that it has entered into a sale and purchase agreement with Asia IFM Solutions Ltd for the acquisition.

If approved by shareholders, the the deal is expected to turn the company  a regional player in providing healthcare support and facilities services for various hospitals, clinics and health institutions.