IHH Healthcare Bhd, Asia's largest hospital operator, is optimistic on growth this year, bolstered by a strong pipeline of expansion and greenfield projects across multiple markets.
The company is currently undertaking four expansion and three greenfield projects in Malaysia, which are on track for completion and will commence operations from the second half of 2014 to mid-2015.
Managing director Dr Lim Cheok Peng said once fully operational, these projects would add 800 hospital beds to its current capacity of 2,052 beds.
He said group revenue in the first quarter ended March 31, 2013 increased to RM1.62 billion from RM1.26 billion in the previous corresponding period.
"If we can maintain that momentum, revenue will double this year, adding that last year group revenue soared 110 per cent to RM7 billion," he told reporters after the company's maiden annual general meeting today.
The four hospitals that are currently undertaking expansion are Gleneagles Medical Centre Penang, Pantai Hospital Kuala Lumpur, Pantai Hospital Klang and Gleneagles Kuala Lumpur, while the greenfield projects are Gleneagles Kota Kinabalu, Pantai Hospital Manjung and Gleangles Medini.
The company is also expanding in international markets, namely in Turkey, where it is undertaking expansion projects in two hospitals and two greenfield projects.
Lim said the group would also penetrate into the former British colony, Hong Kong, with a greenfield project which is scheduled for commencement in three years.
For the group's next phase of growth, it would be making a headway into China and India to capitalise on the huge population base there.
"We already have our foot in the door with Gleneagles Khubchandani in Mumbai and various clinics in the pipeline, and the next few years will see us looking for even more opportunities there," he added.-- Bernama
Read more: IHH confident of growth this yearhttp://www.btimes.com.my/Current_News/BTIMES/articles/20130625153825/Article/#ixzz2XEDktQ3m
The company is currently undertaking four expansion and three greenfield projects in Malaysia, which are on track for completion and will commence operations from the second half of 2014 to mid-2015.
Managing director Dr Lim Cheok Peng said once fully operational, these projects would add 800 hospital beds to its current capacity of 2,052 beds.
He said group revenue in the first quarter ended March 31, 2013 increased to RM1.62 billion from RM1.26 billion in the previous corresponding period.
"If we can maintain that momentum, revenue will double this year, adding that last year group revenue soared 110 per cent to RM7 billion," he told reporters after the company's maiden annual general meeting today.
The four hospitals that are currently undertaking expansion are Gleneagles Medical Centre Penang, Pantai Hospital Kuala Lumpur, Pantai Hospital Klang and Gleneagles Kuala Lumpur, while the greenfield projects are Gleneagles Kota Kinabalu, Pantai Hospital Manjung and Gleangles Medini.
The company is also expanding in international markets, namely in Turkey, where it is undertaking expansion projects in two hospitals and two greenfield projects.
Lim said the group would also penetrate into the former British colony, Hong Kong, with a greenfield project which is scheduled for commencement in three years.
For the group's next phase of growth, it would be making a headway into China and India to capitalise on the huge population base there.
"We already have our foot in the door with Gleneagles Khubchandani in Mumbai and various clinics in the pipeline, and the next few years will see us looking for even more opportunities there," he added.-- Bernama
Read more: IHH confident of growth this yearhttp://www.btimes.com.my/Current_News/BTIMES/articles/20130625153825/Article/#ixzz2XEDktQ3m
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