KPJ arm buys land in Johor for RM45m

KPJ Healthcare Bhd's unit, Kumpulan Perubatan (Johor) Sdn Bhd is acquiring a parcel of commercial land in Tebrau, Johor for RM45 million.

In a statement to Bursa Malaysia here today, KPJ said a private specialist hospital would be built on the 5.4-hectare land, which in turn would expand its customer base thus contributing positively to the company's yearly financial performance.

The company said the newly constructed hospital would be the only specialist private hospital within Taman Bukit Mutiara and Bandar Dato region.

It said the new hospital, which would cater to local and international market, would also be equipped with centre of excellence facilities for outpatient and specialist practice for cardiac, geriatric, cancer, orthopedic and cosmetic.

The proposed acquisition was expected to be completed in the fourth quarter of this year.

By Bernama