KPJ Healthcare to spend on 10 new hospitals in Malaysia

 12-Aug-15, The Edge Markets 

KPJ Healthcare Bhd, the country’s largest listed healthcare group, will spend RM1.5 billion to build 10 hospitals here.

KPJ president and managing director Datuk Amiruddin Abdul Satar said the group will build two hospitals a year over the next five years.

Image: KPJ Healthcare

“The investment will be funded by internal funds, borrowings and equity,” he told reporters after the launch of KPJ Tawakkal Health Centre on Jalan Pahang here by Women, Family and Community Development Minister Datuk Seri Rohani Abdul Karim yesterday.

Amiruddin said the group will allocate about RM200 million from proceeds of a private placement and an employees stock option scheme (Esos) exercise recently.

The 10 proposed hospitals will add another 2,000 beds to the group, bringing the total number of beds to 5,000.

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