RM200m private hospital in KK

Daily Express



Kota Kinabalu: A new 200-bed private hospital costing RM200 million will be built this year beside the Sutera Harbour Resort, here, that will further boost Sabah's medical tourism potential.

Jesselton Wellness and Parkway Holdings Limited on Friday signed a Master Collaboration Agreement to build the premium hospital named Gleneagles Medical Centre, Kota Kinabalu.

It would be positioned as a premium tertiary care hospital under ParkwayHealth - a brand synonymous with quality patient care and excellent clinical outcomes in the region.

The hospital would be equipped with state-of-the-art medical facilities and the latest medical technology to deliver quality patient care and comprehensive healthcare services that are of international standards.

In addition to inpatient, radiology, ancillary and ambulatory services, the hospital would offer specialities such as obstetrics and gynaecology, paediatrics, orthopaedics, general surgery, heart and vascular as well as internal medicines.

The groundbreaking ceremony is due in the middle of the year while construction is slated for completion by early 2014. Prime Minister Datuk Seri Najib Tun Razak and Chief Minister Datuk Seri Musa Aman witnessed the signing ceremony.

Jesselton Wellness was represented by Warisan Harta Chairman Datuk Ramlee Marhaban while Parkway by its CEO-cum-Managing Director, Dr Tan See Leng.

Under the terms of the agreement, Parkway would lease as well as operate the completed hospital building owned by Jesselton Wellness.

The entire development has an approximate gross development value (GDV) in excess of RM500 million.

"The hospital will be financed through a proposed RM200 million bond. "Danajamin Nasional Berhad, Malaysia's first financial guarantee insurer, has made an offer to guarantee the bonds.

"With this guarantee, the proposed bonds will be wrapped by Danajamin's AAA rating when issued," he said.

He said the medical landscape in Sabah right now is still limited in both options and capabilities. Hence, the Gleneagles Centre he is a critical move to address the urgently rising demand and needs of the population in Sabah.

He said Parkway was the right partner, being one of Asia's leading private healthcare providers with a strong pan-Asian presence and solid industry fundamentals that Sabah can leverage on.

"The successful completion of this project will be another step towards the benchmarks our visionary Chief Minister is setting to develop Sabah.

And with his support, this project has become a reality," he said.

Dr Tan on the other hand said with 40 years of experience and track record in providing hospital management services, clinical expertise and healthcare technology solutions, Gleneagles would continue to work closely with its partners in Sabah to contribute to development of the healthcare sector.

Parkway Holdings Limited has a network of 16 hospitals with more than 3,400 beds throughout Asia, including Singapore, Malaysia, Brunei, India and China.

In Malaysia, it has 12 branches such as in in Kuala Lumpur, Penang, Ipoh and Klang.