TMC Life spending RM100mil on hospital

PETALING JAYA: Tropicana Medical Centre, to be completed by the third quarter, is expected to cost RM100mil, TMC Life Sciences Bhd founder and managing director Dr Colin Lee said.

Of the total amount, RM45mil had been used to date and the remainder was expected to be spent in the next few months to purchase equipment, he told reporters after the medical centre and SEGi College, Malaysia signed a memorandum of understanding (MOU) yesterday.

The amount excludes the cost of the land, which had been purchased by the company much earlier.

With the opening of the new medical centre, the TMC group will increase its personnel to over 50 doctors from six at present.

SEGi College chief executive Prof Muhamad Awang (left) exchanging documents with TMC Life group CEO for hospital administration Bryan Lim. In the centre is Health Ministry secretary general Datuk Seri Mohd Nasir Mohd Ashraf.

“Correspondingly, there will be a jump in revenue,” Dr Lee said but declined to give a figure. The new medical centre is also expected to diversify TMC group's revenue stream.

At present it derives about 80% of revenue from fertility services.

Lee said TMC also expected patients from foreign countries to seek treatment at the new centre.

“At present about 20% of our existing patients are from overseas. We have treated patients from over 42 countries,'' he added.

Under the MOU, pharmacy and nursing students at SEGi College would be able to utilise the facilities at the Tropicana Medical Centre for practical training.

The centre will in turn benefit through continuous professional development of staff, as well as enjoy a tuition fee rebate for six TMC group-sponsored students per annum.

The MOU is effective for five years.

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