Aug 7, 2011

Malaysia - Sime unit to invest RM280m in two new hospitals


Sime Darby Bhd’s healthcare unit will invest RM280 million in two new hospitals in the Klang Valley under the government’s Economic Transformation Programme (ETP).
Sime Darby Healthcare managing director Raja Azlan Shah Raja Azwa said the company will also focus on attracting medical tourists to the Sime Darby Medical Centre Ara Damansara in Subang Jaya.
He expects the segment to contribute about 20 per cent of the company’s revenue in next three to five years.
“At present, 5 per cent of our income comes from foreign patients and we aim to grow this segment more by making our hospitals on par with countries like Indonesia, Singapore and even Thailand (which are also big on medical tourism),” Raja Azlan told reporters at a press conference after the sixth progress update of the ETP by Prime Minister Datuk Seri Najib Razak at the Securities Commission yesterday.
He said the 220-bed hospital in Ara Damansara, costing RM240 million will have a soft launch in August and be fully operational in November.
“We also have an international patient centre which will assist in taking in patients from abroad including arranging their visas and accommodation here as well as pick up from the airport.
“We believe we are the first hospital to offer such services,” he said.
Raja Azlan said the second hospital, the Sime Darby Medical Centre Parkcity which is owned by developer Desa Park City, will be leased by Sime Darby for 20 years.
“The hospital is already 28 per cent completed and would be up and running by the third quarter of next year,” he said.
He said the hospital was leased for the company to derive maximum revenue and would only invest RM40 million for the equipment.
“The hospital in Park City will concentrate more on treating women, children, diabetes patients and chronic diseases while the hospital in Ara Damansara would concentrate on cancer patients and men’s health,” he said.
Raja Azlan added that both hospitals would create a gross national income of RM180 million and 1,500 jobs by 2020.
BTimes

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