KPJ Healthcare Berhad

KPJ buys hospital in Rawang

KPJ Healthcare Bhd is acquiring Rawang Specialist Hospital Sdn Bhd in Rawang, Selangor for RM50.6 million cash.

KPJ Healthcare Bhd is acquiring Rawang Specialist Hospital Sdn Bhd in Rawang, Selangor for RM50.6 million cash. The acquisition is part of its effort to expand its network of hospitals to locations where private healthcare is in demand, enlarge its customer base and further establish itself as a key healthcare service provider in Malaysia, it said in a statement yesterday. The healthcare service provider, via its unit Kumpulan Perubatan (Johor) Sdn Bhd, yesterday signed a sale and purchase agreement with the shareholders of Rawang Specialist Hospital for the purpose. It said the acquisition will be financed from internal funds. Upon completion of the proposed acquisition, Rawang Specialist Hospital will become a wholly owned subsidiary Kumpulan Perubatan (Johor) Sdn Bhd.