Al-'Aqar Healthcare REIT (KLSE:ALAQAR) agreed to acquire TMC Health Centre from Penang Specialist Hospital Sdn.bhd for MYR 14.3 million on September 2, 2022. The cash portion of the Purchase Consideration shall be funded through a combination of bank financing and/or internally generated funds. The transaction are conditional upon the fulfilment of The approval from the shareholders and board of directors of the Vendors and KPJ in relation to the Proposed Acquisitions and Leases, The approval of other consents and regulatory and/or governmental, The approval of the unitholders of Al-‘Aqar in relation to the Proposed Acquisitions and Leases, The approval/consent is obtained from the existing financiers and creditors or lenders of Al- ‘Aqar.d. The Proposed Acquisitions and Leases are expected to be completed by the fourth quarter of 2022.
On November 16, 2022, KAF IB had, on behalf of the Board, announced that Bursa Securities had approved the listing and quotation of the Consideration Units.

Al-'Aqar Healthcare REIT (KLSE:ALAQAR) completed the acquisition of TMC Health Centre from Penang Specialist Hospital Sdn.bhd on December 23, 2022.