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KPJ to benefit from realignment of business operation |
| 04-01-2018 |
KUALA LUMPUR — KPJ Healthcare Bhd (KPJ) is poised to benefi t from the realignment of its business investments this year, MIDF Research said. A report by the research house said it is positive on the fact that KPJ has decided to exit Jeta Garden, its aged care centre in Australia, as the business has remained loss-making since the care centre was acquired in 2010 and shows no sign of turning around anytime soon. “This is despite the continuous eff ort by the management to turn around the operation, including adding more facility in 2015,” it said. “Furthermore, we believe the management will be able to use the proceeds from the disposal to pare down debts and reinvest in expanding existing hospitals which will benefi t KPJ in the future.”
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