IHH Healthcare scraps plan to buy India's Fortis Healthcare's Singapore unit

Malaysia's IHH Healthcare Bhd, Asia's largest hospital operator by stock market value, has scrapped its proposal to buy Singapore's Radlink-Asia Pte Ltd for 346.53 million ringgit ($93.31 million).

The company said the deal fell through due to non-satisfaction of certain conditions in the sales and purchase agreement, according to a stock exchange filing to the local bourse late on Friday.

Radlink-Asia, a unit of India's Fortis Healthcare Ltd, provides healthcare services including outpatient diagnostic and molecular imaging services in Singapore.