KUALA LUMPUR: Radium Development Bhd
is eyeing further growth in the medium to longer term with its plans to diversify into the provision of private healthcare.
The property developer will soon open its 140-bed private hospital in Ayer Keroh, Melaka.
The initiative will be spearheaded by Radium Healthcare’s chief executive officer Dr Arun Kumar who was part of the team for what was then known as Manipal Hospital Klang before it was acquired and renamed to Bukit Tinggi Medical Centre.
Radium Development’s hospital will be named Radium Hospital @ Ayer Keroh and it is being designed as a tertiary-level medical facility to address the growing healthcare needs of communities in smaller towns.
The site is adjacent to the Melaka International Trade Centre (MITC) which is the state government’s administrative centre, less than 4km to the North–South Expressway via the Ayer Keroh Interchange and is about 12km to the Melaka city centre.
The property company said its hospital is planned to begin operations in the first half of 2028.
The hospital is also the core of Radium Centricity, a proposed 7.11 acre integrated development built around health, wellness and well-being, it said.
The development will eventually incorporate residential and commercial components, supporting the hospital with ancillary healthcare businesses and lifestyle conveniences, it added.
Radium Hospital @ Ayer Keroh will target both local patients and medical tourists, said Arun.
The company said the venture, with an initial estimated capital expenditure of some RM200mil, will be funded via internal funds and borrowings.
“Being an industry veteran, we are confident that under the able leadership of Dr Arun Kumar, Radium Healthcare will be a strong private-hospital group in Malaysia.
“For Radium, this hospital is part of our broader mission for sustainable growth and positive income. We are committed to responsible investment,” Radium Development’s group managing director Datuk Gary Gan said at the official unveiling of its plans yesterday.
The group also said it will continuously invest in technological upgrades, rigorous safety protocols, and plans to pursue the Malaysian Society for Quality in Health accreditation eventually for the Melaka facility.
“After having built, operated and sold the hospital at Bukit Tinggi, Klang, it then dawned upon me as to what is next. I think there is still ample opportunity for new private hospitals around the country,” Arun said.
