High value in health and social work services

  • Corporate News
  • Thursday, 28 Mar 2019

Malaysia's IHH Healthcare Bhd has made a proposed offer for Fortis worth US$1.3 billion, while smaller local rival Manipal Health Enterprises Pvt Ltd, has made an offer of about $1.2 billion.

PETALING JAYA: The health and social work services generated gross output value of RM20.2bil in 2017 compared with RM16.8bil in 2015, with the annual growth rate value of 9.5%, according to the Department of Statistics.

In tandem with the performance of gross output, the value of intermediate input also increased by 9.5% to record RM10.6bil, thus resulting a value added of RM9.6bil for 2017.

“In the period of 2015 to 2017, the gross output value of health and social work services increased 9.5% per annum. Hospital activities services was the largest contributor of gross output value with RM10.9bil (53.9%) in the Annual Economic Survey 2018.

“The second largest contributor was medical and dental practice with RM6.8bil (33.8%) followed by other human health activities with RM1.8bil (8.9%),” said the Department of Statistics in its Annual Economic Statistics 2018 on the health and social work services sector. The health and social work services comprise hospital activities; medical and dental practice activities; other human health activities; residential care activities and social work activities without accommodation.

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