Ramsay Sime Darby Health Care acquires Manipal Hospitals


Media Tour of Newly-Opened Manipal Hospitals Klang & Press Conference by India's Manipal Health Enterprises MD & CEO(25/08/2016/S.S.KANESAN/The Star) rep:BRENDA CH'NG

PETALING JAYA: Healthcare provider Ramsay Sime Darby Health Care (RSDH) is further strengthening its portfolio of healthcare facilities with the signing of a share purchase agreement with Manipal Health Enterprises Pvt Ltd (MHEPL) to acquire Manipal Hospitals, Klang.

The acquisition will see the rebranding of the 220 bed capacity hospital into a tertiary care private facility which would geographically complement RSDH’s other healthcare facilities.

The hospital is located close to several residential areas in the Bukit Tinggi township in Klang.

“The acquisition allows us to leverage on a strategic opportunity to unlock more value operationally by expanding our reach to deliver RSDH’s distinctive brand of award-winning healthcare.

“Not only will Manipal Hospitals become part of the group’s network of well-known hospitals, it will be supported by Subang Jaya Medical Centre as the integrated hub for referrals in the Klang Valley, ” said RSDH group chief executive officer Raymond Chong in a statement.

Meanwhile, Sime Darby group CEO Datuk Jeffri Salim Davidson (pic below) said the acquisition by RSDH would solidify its position in the highly competitive healthcare sector.

“Sime Darby will continue to support RSDH’s pursuit of viable organic and inorganic growth prospects to leverage on the tremendous potential of this sector, ” he added.

According to RSDH, the Klang hospital’s clinical services will operate as usual and patients can continue with their existing care.

RSDH, which is equally owned by Sime Darby Bhd and Australia’s Ramsay Health Care, acquired the facility from MHEPL’s wholly-owned Singapore subsidiary, Manipal Health Enterprises International Pte Ltd.

“With accelerated growth across the global healthcare sector, RSDH’s latest acquisition is well aligned to their current capabilities whilst enabling RSDH to continue serving healthcare needs across Asia.

“This resonates well with Ramsay Health Care’s growth strategy and reinforces our market leading-position across our markets, ” said Ramsay Health Care Ltd managing director and CEO Craig McNally.

With the acquisition, RSDH owns four hospitals in Malaysia.

The hospitals under the group include Subang Jaya Medical Centre, Ara Damansara Medical Centre and ParkCity Medical Centre.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Business News

Teladan Setia posts net profit of RM7.1mil in 1Q
Taiwan stock crash shows world dangers of too much leverage
Philippine cenbank holds rates at record low to support pandemic-hit economy
Kerjaya Prospek announces changes in boardroom following mandatory takeover
Private equity firm to buy UDG Healthcare in US$3.7b deal
Zafrul: Keeping economy open during MCO 3.0 helps protect vulnerable, businesses
US removes Xiaomi from government blacklist
Kerjaya, E&O may consider merging in 5 to 10 years, chairman says
SoftBank posts US$37b Vision Fund profit, eyes further IPOs
US Dept of Justice remits RM1.9b of seized 1MDB funds to Malaysia

Stories You'll Enjoy


Vouchers