MALAYSIA'S largest conglomerate, Sime Darby Bhd, is expected to open its third full-fledged hospital in Desa Park City near Bukit Menjalara Kepong, Kuala Lumpur, by 2012 to ride on the recession proof medical industry.
Sime Darby Healthcare chief executive officer Elaine Cheong Pek Yim said the group is in the midst of planning for the new 300-bed hospital, and a ground-breaking ceremony will be held by year-end to mark the start of construction works.
"The hospital, called Sime Darby Medical Desa Park City, will be built on a design, build and lease concept and is expected to start operations by 2012," Cheong told reporters in Selangor yesterday after forging a partnership with Medilink Network (PVT) Ltd of Bangladesh and Medilink (Beijing) TPA Services Co Ltd.
Cheong declined to reveal investment cost, but a Business Times report in 2006 estimated at the time that the cost of building the hospital, which also includes a supermarket, would be about RM350 million.
She added that the new hospital is designed by the Sime Darby group and built by Desa Park City developer, Perdana Park City Sdn Bhd, who will then hand it over to Sime Darby upon completion.
Perdana ParkCity is a member of Miri-based Samling Group.
"The hospital will offer tertiary care and it will be a growing business within the Sime Darby group in the future," said Cheong.
The Sime Darby group owns and operate the 393-bed Sime Darby Medical Centre (previously known as Subang Jaya Medical Centre) and the Sime Darby Speacialist Centre Megah in Petaling Jaya. It also owns and operate the Sime Darby Nursing Health and Sciences College managed by its healthcare arm Sime Darby Healthcare Sdn Bhd.
Sources said the hospital could even be bigger than the Sime Darby Medical Centre in Subang Jaya as it will cater to a larger affluent group at nearby densely-populated areas such as Kota Damansara, Damansara Perdana, Bandar Sri Damansara, and Mutiara Damansara.
The hospial will also be within 5km of Bandar Utama, Taman Tun Dr Ismail, Sri Hartamas, Mont' Kiara, Bukit Damansara and the upscale neighbourhood of Petaling Jaya.
Taking into account the population within the Desa Parkcity township, the population in the area has a total disposable income of some RM550 million a month.
In a previous interview, Perdana ParkCity said it was prepared to offer 2.03ha of land to operate a private hospital in the township. The Damansara Specialist Centre, operated by KPJ Healthcare Bhd, is the only other large private hospital in the area.
Sime Darby Healthcare, which has a presence in Indonesia, Vietnam, the UK and the US, is part of conglomerate Sime Darby Bhd which has businesses in over 20 countries ranging from motor, industrial, property and plantations.
Analysts said the new hospital is part of Sime Darby's long-term plan to grow its healthcare business which, together with general trading and other business, account for about 10 per cent of revenue compared with plantations (8.2 per cent), property (3.6 per cent), heavy equipment (33.3 per cent), motor vehicles (34.1 per cent) and energy and utilities (9.6 per cent).
By Business Times (by Zaidi Isham Ismail)
"The hospital, called Sime Darby Medical Desa Park City, will be built on a design, build and lease concept and is expected to start operations by 2012," Cheong told reporters in Selangor yesterday after forging a partnership with Medilink Network (PVT) Ltd of Bangladesh and Medilink (Beijing) TPA Services Co Ltd.
Cheong declined to reveal investment cost, but a Business Times report in 2006 estimated at the time that the cost of building the hospital, which also includes a supermarket, would be about RM350 million.
She added that the new hospital is designed by the Sime Darby group and built by Desa Park City developer, Perdana Park City Sdn Bhd, who will then hand it over to Sime Darby upon completion.
Perdana ParkCity is a member of Miri-based Samling Group.
"The hospital will offer tertiary care and it will be a growing business within the Sime Darby group in the future," said Cheong.
The Sime Darby group owns and operate the 393-bed Sime Darby Medical Centre (previously known as Subang Jaya Medical Centre) and the Sime Darby Speacialist Centre Megah in Petaling Jaya. It also owns and operate the Sime Darby Nursing Health and Sciences College managed by its healthcare arm Sime Darby Healthcare Sdn Bhd.
Sources said the hospital could even be bigger than the Sime Darby Medical Centre in Subang Jaya as it will cater to a larger affluent group at nearby densely-populated areas such as Kota Damansara, Damansara Perdana, Bandar Sri Damansara, and Mutiara Damansara.
The hospial will also be within 5km of Bandar Utama, Taman Tun Dr Ismail, Sri Hartamas, Mont' Kiara, Bukit Damansara and the upscale neighbourhood of Petaling Jaya.
Taking into account the population within the Desa Parkcity township, the population in the area has a total disposable income of some RM550 million a month.
In a previous interview, Perdana ParkCity said it was prepared to offer 2.03ha of land to operate a private hospital in the township. The Damansara Specialist Centre, operated by KPJ Healthcare Bhd, is the only other large private hospital in the area.
Sime Darby Healthcare, which has a presence in Indonesia, Vietnam, the UK and the US, is part of conglomerate Sime Darby Bhd which has businesses in over 20 countries ranging from motor, industrial, property and plantations.
Analysts said the new hospital is part of Sime Darby's long-term plan to grow its healthcare business which, together with general trading and other business, account for about 10 per cent of revenue compared with plantations (8.2 per cent), property (3.6 per cent), heavy equipment (33.3 per cent), motor vehicles (34.1 per cent) and energy and utilities (9.6 per cent).
By Business Times (by Zaidi Isham Ismail)
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She added that the new hospital is designed by the Sime Darby group and built by Desa Park City developer, Perdana Park City Sdn Bhd, who will then hand it over to Sime Darby upon completion.
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