IHH Healthcare, Pelaburan Hartanah sign MoU for new medical block

KUALA LUMPUR: Pantai Medical Centre Sdn Bhd, which is part of the IHH Healthcare Malaysia group, today signed a memorandum of understanding (MoU) with Pelaburan Hartanah Bhd (PHB) for the development of a new medical block adjacent to the current Gleneagles Hospital Kuala Lumpur complex.

In a joint statement today, the group said the new medical block would be leased from PHB for an initial period of 20 years.

It said following the expansion, Gleneagles Hospital Kuala Lumpur would enter a new growth phase and become one of the largest private hospitals in Malaysia by 2027, with over 700 beds.

“In line with IHH Healthcare Malaysia’s organic growth strategy to expand the availability of quality

healthcare across our network, we are strengthening Gleneagles Hospital Kuala Lumpur’s position as one of the leading private healthcare providers in Malaysia.

“This will enable us to deliver exceptional care to meet the growing demands of local patients and medical tourists,” said IHH Healthcare Malaysia chief executive officer (CEO) Jean-François Naa.

Projected to be completed by 2027, the new medical block, envisioned to encompass 470,000 square feet of floor area, is expected to have over 260 beds and would be equipped with state-of-the-art facilities aimed at providing highly specialised care to patients.

The new medical block would deliver individualised, quality patient care to meet the growing demands of local patients and medical tourists.

In line with IHH’s commitment to uphold environmental, social, and governance (ESG), the new

medical block is expected to incorporate green building features for better energy efficiency

and indoor environment quality.

PHB group managing director and CEO Mohamad Damshal Awang Damit said the longstanding collaboration with Gleneagles Hospital Kuala Lumpur since 2011 reflects PHB’s commitment to fostering economic growth through property investment.

“To achieve a RM25 billion asset portfolio by 2030, PHB is strategically rebalancing its investments in healthcare, industrial sectors, K-12 schools and data centres to ensure sustainable income,” he added. – BK