KPJ to build new medical center at Iskandar Malaysia
A new 400 bed, 280,000 sq ft hospital will be built in the Iskandar Malaysia development region in Johor, featuring “Centres of Excellence” including a heart centre, an aged care centre, cancer centre and a cosmetic and reconstructive centre, plus others. The facility will be a collaboration between specialist hospital operator KPJ Healthcare Bhd and Johor Land Bhd.
The Centre will be built in two phases beginning in 2012, with 150 beds proposed for the first phase. Cost per bed is estimated at around RM1000 (US$329). As with other medical facilities in the Johor region it is aimed at foreign patients (or ‘medical tourists’) as well as locals, promising to offer the highest standard of care in all areas of medicine.
Business Times reports KPJ has embarked on a series of new projects lately, investing between RM50-80 million ($16.4-26.3 million) per hospital for new specialist centres in Bandar Baru Klang, Muar, Pasir Gudang and Kuantan. It also purchased the Sibu Specialist Medical Centre and Sibu Geriatric Health and Nursing Centre in Sarawak in April. KPJ has identified geriatric care as a huge growth sector and has agreed to buy a 51% share of Australia’s Jeta Gardens Waterford Trust for RM19 million ($6.24 million).
The company’s total revenues for 2010 were RM1.65 billion ($542.3 million), up 13% from the previous year.
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