PHB Group managing director and CEO Mohamad Damshal Awang Damit (left) and IJN Holdings group CEO Prof Datuk Sri Mohamed Ezani Md Taib at the signing ceremony of the memorandum of understanding
KUALA LUMPUR: Yayasan Pelaburan Bumiputera's property investment arm, Pelaburan Hartanah Bhd (PHB), is exploring a collaboration with IJN Holdings Sdn Bhd on the future expansion of the latter's healthcare facilities.
In a statement, PHB said the strategic collaboration will explore pioneering forward-commit and forward-funding business models, designed to benefit both PHB and IJN by providing a structured framework to support IJN’s healthcare development projects.
Under this model, PHB commits to purchasing the healthcare facilities upon their completion, ensuring financial backing for the developer and making the projects more appealing to investors and partners.
This approach allows IJN to focus on its core mission of delivering world-class cardiovascular care while alleviating the burden and risk of managing land and property development.
PHB said its AAA credit rating from RAM Ratings and Gold 3 Sustainability Rating provides developers with robust support to secure more favourable financing terms and enhanced loan accessibility.
"This approach not only strengthens the viability of healthcare projects but also ensures the timely delivery of cutting-edge facilities to meet the growing demand for medical services," it added.
PHB Group managing director and CEO Mohamad Damshal Awang Damit said the partnership demonstrates to creating sustainable value through strategic investment in the healthcare sector
"The forward commit model allows us to leverage our financial strengths to support IJN’s expansion, ensuring that we contribute to Malaysia’s healthcare excellence and economic growth”.
IJN Holdings group CEO Prof Datuk Sri Mohamed Ezani Md Taib said IJN is committed to expanding beyond Kuala Lumpur, reaching underserved regions to address the healthcare needs of a broader population.
"This initiative will pave the way for establishing new facilities, ensuring access to specialized cardiac care for communities across Malaysia, regardless of their location.
"It is important to highlight that this is more than an infrastructure development collaboration - it reflects our commitment to the future of healthcare in Malaysia," he added.
