Al-'Aqar Healthcare REIT has acquired three hospitals from KPJ Healthcare Bhd for RM192 million, to be paid in cash and new shares.

The acquisitions are deemed to be related-party transactions, as both entities have a common major shareholder in Johor Corp.

In a Bursa Malaysia filing, Al-'Aqar Healthcare REIT said it is buying TMC Healthcare Centre Building in Taiping, Perak for RM14.3 million in cash and KPJ Seremban Specialist Hospital Building for RM84.7 million in cash.