Parkway to run private hospital in Sabah

Parkway Holdings Ltd, the Singapore hospital operator, said it will lease and operate a RM200 million (US$65 million) private hospital that will be built in Kota Kinabalu, Sabah.

Parkway, controlled by Malaysia’s Khazanah Nasional Bhd, signed an agreement with Jesselton Wellness Sdn Bhd, a special-purpose vehicle set up to develop the hospital that is part-owned by an investment arm of Sabah’s state government, the company said in a statement.

Danajamin Nasional Bhd, a Malaysian state bond insurer, will guarantee RM200 million of notes that will be issued to finance the project, it said.

By Bloomberg

Pantai plans RM500mil expansion of hospital network

KUALA LUMPUR: The Pantai Group plans to expand its network of hospitals in Iskandar Malaysia at an estimated cost of RM500mil.

The group, which has already acquired a 15-acre piece of land in Medini, Iskandar, plans to build a healthcare complex of comprising a 300-bed private tertiary hospital, a 150-suite medical office block with centres of excellence that will address healthcare concerns of a growing yet maturing population.

The development of the project, which will bear the name Gleneagles Medini Hospital, will be done in phases and is slated to be one of the premium hospitals under Parkway Health. The agreement was signed between Pantai Hospital Johor Sdn Bhd, a wholly-owned subsidiary of Pantai Hospitals Sdn Bhd, which in turn is a wholly owned subsidiary of Pantai Holdings Berhad and Global Capital & Development Sdn Bhd (GCD), a consortium led by Mubadala Development Company.

We are proud to be working with such an established international healthcare provider to bring top quality healthcare to Medini.

The high standards set by Pantai aligned with GCD's vision to ensure the best in planning, design and management within Medini. We will work closely with Pantai to develop a world class facility that will put Iskandar Malaysia at the forefront of healthcare in South-East Asia, said Keith Martin, chief executive of GCD in a statement yesterday.

This development is a key step in establishing healthcare as a catalyst sector in Iskandar Malaysia and will set new benchmarks for quality healthcare (in Malaysia), said Pantai Holdings chairman Khairil Anuar Abdullah.

capacity for delivering world-class medical services to both Malaysians and foreign patient.

By leveraging on the strategic positioning of Iskandar, the hospital will be well positioned to serve the growing demand for medical travel in the region, and will provide even better medical facilities to the people of Johor.

This facility is targeted to meet the demands for high quality, yet affordable, healthcare in Malaysia, Singapore and wherever such services are not available, said said Pantai Holdings chairman Khairil Anuar Abdullah.

By The Star

Pantai to build hospital in Iskandar

Pantai Holdings Bhd intends to expand its network of hospitals to Iskandar Malaysia with the purchase of six hectares of land in the mixed development area of Medini, Iskandar.

An agreement was signed between Global Capital & Development Sdn Bhd (GCD), a consortium led by Mubadala Development Company, and its wholly-owned subsidiary, Pantai Hospital Johor Sdn Bhd.

"This development is a key step in establishing healthcare as a catalyst sector in Iskandar Malaysia and will set new benchmarks for quality healthcare to reinforce Malaysia's capacity for delivering world-class medical services to both Malaysians and foreign partners," Pantai Holdings Chairman Khairil Anuar Abdullah said in a statement today.

The planned healthcare complex will be built in phases and will eventually comprise a 300 bedded private tertiary hospital, a 150 suite medical office block with centres of excellence to address the healthcare needs of the population.

By Bernama