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KPJ Healthcare Bhd's wholly owned subsidiaries entered into two separate conditional sale and purchase agreements to dispose of properties to Al-'Aqar Healthcare Real Estate Investment Trust (Al-'Aqar-REIT) for RM241mil.
The outlook for Asean's healthcare industry appears increasingly promising, driven by sustained demand for high quality healthcare services across the region.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: KPJ Healthcare Bhd's stronger-than-expected earnings margin of 27.1% before interest and taxes propelled its revenue in its fourth quarter ended Dec 31, 2024, analysts say.
KUALA LUMPUR: CelcomDigi Bhd, through its Innovation Centre, has entered a strategic partnership with KPJ Healthcare Bhd to advance cross-border access to healthcare through telemedicine.
PETALING JAYA: KPJ Healthcare Bhd, which saw its revenue for the third quarter ended Sept 30, 2024 (3Q24) surpass the RM1bil mark for the first time, expects the healthcare landscape to remain dynamic.
PETALING JAYA: KPJ Healthcare Bhd, which saw its revenue for the third quarter ended Sept 30, 2024 (3Q24) surpass the RM1bil mark for the first time, expects the healthcare landscape to remain dynamic.
The private healthcare sector is expected to record softer earnings in the first quarter of this year (1Q25) on a quarter-on-quarter basis due to the fasting month, says RHB Research.
PETALING JAYA: The valuation for local healthcare service providers has room for growth due to the bed-to-population ratio that falls short besides the growing appetite for mergers and acquisitions, according to RHB Research.
PETALING JAYA: Analysts are overall positive on KPJ Healthcare Bhd’s earnings growth, having taken into account the increase in medical tourism and more hospitals in its portfolio turning profitable.
While KPJ Healthcare Bhd remains on the lookout for new assets, the private healthcare provider is focusing on optimising its current resources to increase its bed utilisation rate.
KPJ Healthcare Bhd’s net profit for the second quarter ended June 30, 2024 (2Q24) rose to RM75.88mil from RM46.88mil in 2Q23.
Margins of healthcare providers may see some compression in the short term, but should be cushioned by an anticipated uptick in medical tourism growth.
BIMB Research remains positive about the healthcare sector, citing several factors including organic capacity expansion, rising demand due to an ageing population and growth in health tourism.
Malaysia's medical cost inflation of 12.6% in 2023, significantly higher than the global average of 5.6%, is indeed alarming. However, banning private hospitals from going public may not be the solution to rising medical costs.
KPJ Healthcare Bhd is advancing transformation in its hospitals with the 'Year of AInnovation' campaign, focusing on elevating artificial intelligence (AI) integration and innovation driven by patient-centricity.
ONE of the country’s leading healthcare providers – KPJ Healthcare, recently embarked on a major rebranding initiative, revealing a fresh and modernised brand identity.
Malaysia’s expanding medical-tourism industry, supported by higher foreign arrivals to the country as well as the higher allocation to the Health Ministry under Budget 2025, is expected to fuel growth in the healthcare industry .
Private hospitals that are more economical in terms of pricing, such as KPJ Healthcare Bhd, could be the hospitals of choice as treatment costs are partially borne by insured co-paying patients.
KPJ Healthcare Bhd expects to achieve double-digit growth in health tourism this year.
