KPJ to spend US 300mil for 9 new hospitals over 5 years

Malaysia 20 Jun 2014
KPJ to spend US 300mil for 9 new hospitals over 5 years

According to President and Managing Director Amiruddin Abdul Satar KPJ Healthcare Bhd  expects to spend RM1bil for the construction of nine new hospitals over the next five years,

“Building these new hospitals is necessary to cater to the growing community and increasing demand for good healthcare service,” he told reporters after speaking on “

Prospects for Private Healthcare in Malaysia” at a luncheon talk organised by Malaysian Industrial Development Finance Bhd on Thursday.

Out of the nine hospitals, one is in Rawang which was completed two months ago, and another one in Muar that will be ready on July 1 this year.

Amiruddin said with the new hospitals, the group expected to record higher revenue due to the increase in number of patients while profits would traditionally be narrower in the first or second year as these new hospitals would still be incurring losses.

However, he highlighted that it was a short-term price to pay as KPJ Healthcare could not grow without building new capacity, adding that upon the completion of all the hospitals, it would then operate a total of 32 hospitals.

“I hope more investments will be allocated for the construction of both public and private hospitals, so that the queueing time for patients will be shorter,” he said.

 

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