Pantai unit turning around

  • Business
  • Wednesday, 14 May 2003


HOSPITAL Pantai Mutiara Penang (HPM), a wholly-owned subsidiary of Pantai Holdings Bhd, expects to achieve its maiden profit in the 2004 fiscal year after being in operation since 1997. 

It normally takes six to seven years for a hospital to either break even or achieve profitability, HPM chief executive officer Lai Yeu Kong (pic) told StarBiz

Lai Yeu Kong

“We expect 8% growth next year,” Lai said, adding that the hospital’s average yearly turnover had been around RM30mil. 

He said the hospital was optimistic of growth and was establishing a new facility to treat brain tumours. 

“A paediatric, cardiologist and urologist would also be hired to complement the hospital’s current team of 21 consultants. 

“We have also received approval from the government to recruit 15 foreign nurses which will enable us to put up more hospital beds,’’ he said. 

“Currently, we have 135 nurses,” he added. 

Lai said the hospital would enter into a joint venture with a Kuala Lumpur-based healthcare company to invest between RM1.5mil and RM2mil in the new facility to treat brain tumours. 

“The facility, which should be ready by early next year, will be equipped with state-of-the-art technology that will enable the removal of brain tumours through external operational procedures,” he said.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

World stocks upbeat on hopes for China re-opening, inflation peaking
Tabung Haji confident of registering competitive profits this year despite challenges
PETRONAS' net profit more than double in the first nine months
Capital A posts bigger loss in 3Q, maintains positive outlook
Axiata, Telenor complete Celcom-Digi merger
Bank Islam posts higher net profit of RM142.86mil in 3Q
Raja Teh Maimunah appointed as CEO of Aeon’s digital bank
Ringgit ends higher against US dollar on positive China sentiment
BCorp expects satisfactory performance in FY23
TCS wins RM119mil construction contract

Others Also Read