KPJ sees much lower occupancy

According to Public Invest Research KPJ Healthcare is experiencing a much lower occupancy rate

PETALING JAYA: KPJ Healthcare Bhd, the largest listed private hospital group in Malaysia by bed count, is feeling the impact of the Covid-19 outbreak.

According to Public Invest Research, the group is experiencing a much lower occupancy rate of 25% in its hospitals during the movement control order (MCO) period, as opposed to its normal level of 60%-65% as at mid-February.

“With the rising number of confirmed Covid-19 cases and the MCO in place, KPJ has scaled down its operations in an attempt to minimise the possibility of cross-infections.

“The group has cut down its inpatient services, delaying elective procedures, and is focusing only on the life-threatening cases, ” the research house said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

KPJ Healthcare , Covid-19 , lower , occupancy ,


Did you find this article insightful?


Next In Business News

Morgan Stanley CEO's annual pay rises by over 20%
‘Unstoppable’ luxury stocks remind some investors of US tech
Ambani’s Reliance doubles down on 5G pledge after record profit
PUNB offers payment deferment, rental discount
CPO futures may undergo technical correction next week
Blackstone-backed Patria eyes expansion in Latam, Asia
METALS: Tin, aluminium, copper prices down
Oil price falls on China's COVID-19 cases, high crude build
IBM, Intel slump weighs on Wall St as coronavirus concerns rise
GLOBAL MARKETS-Weak data, earnings drag stocks lower

Stories You'll Enjoy