Ramsay Sime Darby Health Care acquires Manipal Hospitals, Klang

Manipal Hospitals, Klang (Photo taken from Facebook)

Manipal Hospitals, Klang (Photo taken from Facebook)

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KUALA LUMPUR (April 9): Sime Darby Bhd and Ramsay Health Care-owned healthcare provider Ramsay Sime Darby Health Care (RSDH) is acquiring 100% ownership of Manipal Hospitals, Klang.

In a statement today, RSDH said the acquisition is pursuant to a share purchase agreement with Manipal Health Enterprises Pvt Ltd (MHEPL). 

RSDH is acquiring the facility from MHEPL's Singapore subsidiary, Manipal Health Enterprises International Pte Ltd.

It added that the acquisition involves a rebranding of the 220-bed capacity hospital located within the Bukit Tinggi township in Klang into a tertiary care private facility which geographically complements RSDH's other healthcare facilities.

It said the hospital is currently equipped with five operating theatres as well as 15 CCU and ICU beds, as well as a 1.5T MRI scanner, catheterisation laboratory and 24-hour emergency service, among others.

RSDH said the hospital was established in 2016 as a purpose-built facility with over 30 specialty services and Klang’s only state-of-the art trauma centre, led by experienced trauma specialists.

Sime Darby group chief executive officer (CEO) Datuk Jeffri Salim Davidson said the acquisition by RSDH solidifies its position in the highly competitive healthcare sector.

"It fits well with the growth story that we have envisaged for our joint-venture company. Sime Darby will continue to support RSDH’s pursuit of viable organic and inorganic growth prospects to leverage the tremendous potential of this sector.”

Meanwhile, RSDH group CEO Raymond Chong said the acquisition allows the hospital operator to leverage a strategic opportunity to unlock more value operationally by expanding its reach to deliver healthcare.

"Not only will Manipal Hospitals become part of the group’s network of well-known hospitals, it will be supported by the Subang Jaya Medical Centre as the integrated hub for referrals in the Klang Valley," he said.

With the acquisition, RSDH owns four hospitals in Malaysia, including the Subang Jaya Medical Centre, Ara Damansara Medical Centre and ParkCity Medical Centre.

At the midday break today, Sime Darby settled 0.42% or one sen higher at RM2.41, valuing it at RM16.39 billion.

Surin Murugiah