11-Jan-17 With Malaysia emerging as the number one country in the world for healthcare, the government is working to secure MYR1 bn (USD225 mn) to expand its medical industry. Already doing well in medical tourism, Penang would be focusing on turning itself into a medical city. Malaysia was recently named number one in the world for healthcare by International Living magazine. [image: Free Malaysia Today]

11-Dec-16 As more patients in Malaysia opt for public hospitals, patient volume in private hospitals has dropped 20-30%. With medical inflation expected to be 15% in 2017, private hospitals must find ways of coping with falling revenue. Charges will go up when private hospitals can no longer contain their costs within reasonable limits. [image: The Star]

08-Dec-16 The Penang Islamic Foundation is building the Penang Islamic Hospital costing MYR280 mn (USD63 mn) in Bayan Baru, Malaysia. The 14-storey, 200-bed hospital will have specialists in pediatrics, gynecology, surgery and cardiology. It is set to be the first syariah-compliant hospital in the northern region of Peninsular Malaysia, and is expected to begin operations in early 2020. [image: Bernama]

24-Nov-16 IHH Healthcare, the largest hospital operator in Malaysia has reported net profit up 46% to MYR173 mn (USD39 mn) for the third quarter ended in Sep-17. The healthcare provider recorded a 18% spike in revenue in the corresponding quarter from a year ago. Hospital operator Parkway Pantai contributed 63% of revenue and its Turkey subsidiary 33%. [image: Nikkei Asian Review]

14-Nov-16 IHH Healthcare, the largest Malaysia-based hospital operator by market capitalization, has divested a 29.9% stake in its indirectly held unit PCH Holding to Chinese firm TK Healthcare Investment. IHH's subsidiary, Parkway Group Healthcare will still hold a 70.1% stake in PCH Holding. PCH, formerly known as Parkway China Holding, holds a chain of clinics and hospitals in China. [image: IHH Healthcare]