KUALA LUMPUR: IHH Healthcare Bhd subsidiary Pantai Holdings Sdn Bhd (PHSB) has completed its acquisition of the entity that owns Timberland Medical Centre and the earmarked vacant land in central Kuching for the construction of a 200-bed tertiary hospital for RM245 million on a
cash-free debt-free basis.
This acquisition allows PHSB to expand its range of quality healthcare offerings in East Malaysia.
PHSB chief executive officer Jean-François Naa said as its patient numbers grow, the company recognise the need to enhance its capacity and reach to better serve them.
“Timberland Medical Centre, with its 30-year legacy in Kuching and strong brand presence, is an ideal healthcare institution to fulfil this purpose.
“With the acquisition of Timberland Medical Centre and expansion into Sarawak, we will be preparing for the future, while ensuring a quality healthcare experience for all our patients, here and now,” he said in a statement.
Jean-François said that in the near future, PHSB intends to further scale up Timberland Medical Centre’s operations via a new 200-bed tertiary hospital to be constructed in central Kuching. This hospital will serve local needs and cater to the growing medical tourism market in Indonesia.
“Our geographical proximity to Indonesia makes us an ideal healthcare destination, with direct and affordable flights available between our countries,” he said.
Timberland Medical Centre currently offers a wide range of medical and surgical services including cardiology, nephrology, oncology, gastroenterology, general surgery, orthopaedic surgery, hepatology surgery, orthopaedic and urology.
PHSN has been present in East Malaysia since 2015 with the establishment of Gleneagles Hospital Kota Kinabalu.
It is one of the largest private healthcare providers in Malaysia, with a healthcare network of 11 Pantai Hospitals, four Gleneagles Hospitals, Prince
Court Medical Centre and now, Timberland Medical Centre.
Jean-François said this marks PHSB’s This is the company’s inaugural acquisition in Sarawak, and it is eager to harness the full potential of its healthcare network to further enhance its services and patient care here.
