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Tuesday, November 24, 2009

KPJ sets revenue target

KPJ Healthcare Bhd, the healthcare division of Johor Corp (JCorp), expects revenue to hit a record RM2 billion in 2012 with more hospital openings.

Its chairman Tan Sri Muhammad Ali Hashim said the group is confident of achieving the target based on the favourable performance of the JCorp Group and other business strategies including the opening of more hospitals.

"We now have 19 hospitals nationwide and are in the process of identifying locations for new hospitals," he said after the opening of the new KPJ Penang Specialist Hospital by Penang Yang di-Pertua Negeri Tun Abdul Rahman Abbas in Bandar Perda, Penang, yesterday.

Muhammad Ali said the group has been recording strong financial growth with a revenue of RM1.4 billion last year.

Under the expansion plan, KPJ Healthcare is looking at either acquiring existing private hospitals or building new hospitals.

By Business Times (by Adie Suri Zulkefli)

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