Lee making a point at the NSCMA’s annual general meeting.
SEREMBAN’s 90-year-old CMH Specialist Hospital, set up by Chinese philanthropists to serve underprivileged and poor immigrants, will undergo a RM100mil upgrade in the next five years.
Hospital president Datuk Seri Lee Tian Hock, who was instrumental in reviving the facility that was saddled with millions of ringgit in debts several years ago, said the expansion plan included the building of a new clinical block, two blocks of carpark and renovations to its existing blocks A and B.
“The new clinical block will house more specialist services such as neurology, oncology, cardiology and vascular disciplines as well as better facilities, including advanced equipment and operating theatres.
“Another 70 to 90 beds will be added to our existing 66,” he revealed.
Lee said Negri Sembilan Chinese Maternity Association (NSCMA), which owned the hospital, also planned to list NSCMH Holdings (which owns CMH Medicare Sdn Bhd) on Bursa Malaysia’s ACE Board to raise funds for the expansion.
Speaking at the NSCMA annual general meeting, he expressed confidence that the hospital would perform better.
He targeted RM90mil in revenue with a net profit before depreciation and tax of RM10mil for the current financial year.
“Based on our pro-rated performance so far this year, we are right on track to achieve the target,” he added.
Lee said the hospital earned a revenue of RM86.6mil in 2021, which was slightly higher than the targeted RM85mil, despite the Covid-19 pandemic.
Revenue increased by 7% compared to the RM80.9mil achieved in 2020.
“NSCMA has turned around from a net loss after depreciation and tax of RM2.75mil in 2020 to a net profit after depreciation and tax of RM1.7mil in 2021, further strengthening its financial position.
“I am also glad to inform that NSCMA has repaid me RM3.5mil and RM1.35mil to Datuk Tan Suan Ching, reducing our advances to RM4.5mil and RM450,000 respectively as of April 2022,” said Lee.
He said the hospital also spent RM1.7mil to upgrade infrastructure and facilities as well as for new equipment in 2021, which further improved the delivery of its healthcare services.
As part of its corporate social responsibility initiatives for 2021, the hospital absorbed RM1.4mil for inpatients required to undergo PCR tests.
In 2020, the hospital also absorbed RM1.1mil for this purpose.
Lee said the hospital forked out RM420,000 in subsidies for inpatients seeking specialist services last year.
“This does not include the subsidies that can range between RM50,000 and RM150,000 provided by NSCMA to 580 dialysis patients here and at the 11 centres nationwide,” he said.
He noted that the hospital’s corporatisation exercise, which started in December 2020, was almost completed.
“The move to corporatise the facility was a step in the right direction to ensure business sustainability and the continuation of affordable medical services, as well as subsidised treatment for the less privileged,” he added.
Lee said all employees were given a month’s bonus in recognition of their services.
In January, the employees received salary increments of between 5% and 15% each.
