Pantai to open RM500m hospital in Johor5 March 2010, By Business Times
HEALTHCARE group Pantai Holdings Bhd is scheduled to open a RM500 million hospital in the Iskandar region in Johor.
The 400-bed hospital will also have a centre of excellence and a nursing college, the hospital's chairman Tan Sri Khatib Abdul Hamid said.
"It will be ready within five years, but it can be earlier," Khatib said.
However, it is unclear if Pantai will wholly own or merely have a stake in the hospital. It could also lease and operate the premises.
Pantai has also confirmed the opening of a hospital in Sri Manjung, Perak. To be ready in 2012, Pantai will lease this building and manage it.
Pantai now operates nine hospitals nationwide.
Khatib was speaking to reporters at a signing ceremony with Preventive Healthcare Sdn Bhd.
Preventive Healthcare basically markets health screening packages locally and abroad. Its customers can then seek treatment at any one of the Pantai hospitals.
Its chief executive officer Dax Lee said it now has some 600 members and is looking to grow this to 20,000 within the next five years.
This three-year-old company is also looking to rake in RM290 million in revenue in the next five years as it makes an estimated 150,000 transactions from its services.
Lee added that the business, which he owns with his partner, the chief operating officer Cheong Dik Hau, has been profitable since the first year.
Preventive Healthcare has set up an office in Jakarta and will this year branch out to Medan, Indonesia and Hanoi, Vietnam. It is also looking at moving into Surabaya (Indonesia) and Guangzhou (China) in 2011 to lure foreign patients into Malaysia.
The company also provides electronic storage of all medical records for up to 15 years.