IHH Healthcare Malaysia inks deal with PHB for new medical block
The facility will be located close to Gleneagles Hospital Kuala Lumpur.
Pantai Medical Centre Sdn Bhd, a subsidiary of IHH Healthcare Malaysia, has signed a memorandum of understanding (MoU) with Pelaburan Hartanah Berhad (PHB) for the development of a new medical block close to the Gleneagles Hospital Kuala Lumpur complex.
The upcoming facility will be developed through and build-to-suit lease arrangement and leased from PHB for an initial period of 20 years.
The new purpose-built block is proposed to have a 470,000 square feet (sq. ft.) floor area, covering over 260 beds, and several state-of-the-art facilities for sub-specialities in micro and hand, foot and ankle, and spine surgeries. The overall space will also be flexible for any demand for individualised patient care. The new medical block is estimated to be operational by 2027.
“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. This will enable us to deliver exceptional care to meet the growing demands of local patients and medical tourists,” Jean-François Naa, CEO of IHH Healthcare Malaysia, said.
With expansion, Gleneagles Hospital Kuala Lumpur is projected to be one of the largest private hospitals in Malaysia by 2027, covering over 700 beds.
IHH currently has a robust portfolio of over 3,000 beds, 11 Pantai hospitals, 4 Gleneagles Hospitals and Prince Court Medical Centre, as well as ancillary services like Pantai Integrated Rehab and Premier Integrated Labs, and primary care clinics under Twin Towers Medical Centre.
The partnership also helps PHB to keep track of a $5.29b (RM 25b) asset portfolio by 2030, as the company is recalibrating investments in healthcare, industrial sectors, K-12 schools and data centres.