KPJ Healthcare in $312m expansion drive

KPJ hospitalMalaysia’s largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help finance the development of 10 hospitals worth 1 billion ringgit ($312 million), according to The Edge.

With a cash balance of about 284.4 million ringgit and a low net gearing of about 0.5 times as at June 30, KPJ is looking to raise the funds through a rights issue and sukuk.

KPJ managing director Amiruddin Abdul Satar said that the plans are still “at a preliminary stage”.

The new hospitals will be constructed over the next 5 years and will add to the company’s existing 23 hospitals nationwide. Around 1,500 hospital beds will be added to the current 3,000.

 

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Malaysia's largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help finance the development of 10 hospitals worth 1 billion ringgit ($312 million), according to The Edge. With a cash balance of about 284.4 million ringgit and a low net gearing of about 0.5 times as at June 30, KPJ is looking to raise the funds through a rights issue and sukuk. KPJ managing director Amiruddin Abdul Satar said that the plans are still "at a preliminary stage". The new hospitals will be constructed over the next...

KPJ hospitalMalaysia’s largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help finance the development of 10 hospitals worth 1 billion ringgit ($312 million), according to The Edge.

With a cash balance of about 284.4 million ringgit and a low net gearing of about 0.5 times as at June 30, KPJ is looking to raise the funds through a rights issue and sukuk.

KPJ managing director Amiruddin Abdul Satar said that the plans are still “at a preliminary stage”.

The new hospitals will be constructed over the next 5 years and will add to the company’s existing 23 hospitals nationwide. Around 1,500 hospital beds will be added to the current 3,000.

 

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