Sunway Healthcare's (KLSE:SUNMED) unit, Sunway Medical Centre, has accepted an offer to acquire 2.1 acres of freehold land for 10.8 million ringgit, according to a Thursday Malaysian bourse filing.
Shares slid about 2% in Friday's midday trade.
The company will use the land in Seremban, Malaysia, to develop a new 250-bed hospital.
The deal is expected to be completed in the fourth quarter of 2027, the healthcare company said.