KUALA LUMPUR: KPJ Healthcare Berhad (KPJ) has proposed to acquire Sibu Specialist Medical Centre for RM26.90 million cash to expand into markets where private healthcare is in demand.
KPJ said on Tuesday, Jan 18 it would acquire the 100% stake in Sibu Medical Centre Corporation Sdn Bhd (SMCC), comprising 6.62 million shares, from 14 individuals for RM26.90 million cash.
SMCC owns and operates the private specialist hospital Sibu Specialist Medical Centre at Brooke Drive in Sibu. KPJ Healthcare said the vendors were practising as specialists at the medical centre.
KPJ is also acquiring the Sibu Geriatric Health & Nursing Centre Sdn Bhd for RM1.24 million, which runs the Love Care Centre nursing and geriatric care centre at the same location in Sibu.
Its managing director Datin Paduka Siti Sa'diah Sheikh Bakir said the acquisitions were part of the strategy to expand its services to new markets.
'This move will enable the KPJ Group to expand its network of hospitals and provide quality medical care to more communities in Sarawak and to further tap into markets where private healthcare is in demand,' she said.
Upon completion of the acquisition, KPJ Group's network of hospitals in Malaysia expands to 21, and the exercise is likely to be completed by the first half of 2011.
KPJ said on Tuesday, Jan 18 it would acquire the 100% stake in Sibu Medical Centre Corporation Sdn Bhd (SMCC), comprising 6.62 million shares, from 14 individuals for RM26.90 million cash.
SMCC owns and operates the private specialist hospital Sibu Specialist Medical Centre at Brooke Drive in Sibu. KPJ Healthcare said the vendors were practising as specialists at the medical centre.
KPJ is also acquiring the Sibu Geriatric Health & Nursing Centre Sdn Bhd for RM1.24 million, which runs the Love Care Centre nursing and geriatric care centre at the same location in Sibu.
Its managing director Datin Paduka Siti Sa'diah Sheikh Bakir said the acquisitions were part of the strategy to expand its services to new markets.
'This move will enable the KPJ Group to expand its network of hospitals and provide quality medical care to more communities in Sarawak and to further tap into markets where private healthcare is in demand,' she said.
Upon completion of the acquisition, KPJ Group's network of hospitals in Malaysia expands to 21, and the exercise is likely to be completed by the first half of 2011.
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