ID :
30254
Fri, 11/14/2008 - 17:34
Auther :
Shortlink :
https://oananews.org//node/30254
The shortlink copeid
COLUMBIA ASIA INVESTS RM400 MLN FOR SIX NEW HOSPITALS
KUALA LUMPUR, Nov 14 (Bernama) -- Columbia Asia, an international
healthcare provider, will invest over RM400 million (US$111.3 million) to build
six new
mid-sized community hospitals nationwide to cater to growing demand.
The hospitals will be in Balakong, Bukit Rimau, Kota Damansara, Nusajaya,
Setapak in Kuala Lumpur and Bintulu, in East Malaysia state of Sarawak. The
projects, currently under construction, are expected to be completed within the
next 14 months.
The chairman of Columbia Asia Group of Companies, Rick Evans said the
company wanted to focus on the increasing demand for affordable healthcare
services across Asia.
"The demand has resulted in an exponential increase in the number of
people who are medically insured by employers and insurance companies," he said
at the signing of a RM116 million syndicated financing-i(commodity
Murabahah/Tawarruq)and Al Ijarah Thumma Al Bai, between Columbia Asia and thre
local banks namely Bank Rakyat, RHB Islamic Bank Bhd and Bank Muamalat Malaysia
Bhd, here.
The financing is to cover 58 percent of the total investment cost of RM225
million for three hospitals in Balakong, Bukit Rimau and Setapak here.
The balance of the investment cost will be from the company's internally
generated funds.
Evans said Columbia Asia wants to be a preferred choice for employers,
insurance companies and families as 60 percent of the company's business in
Malaysia was contributed by third party administration.
Columbia Asia hospitals are designed for short lengths of stay and
organised to use modern medical protocols and technologies.
The company currently operates five hospitals in Miri, Shah Alam, Seremban,
Puchong and Taiping.
In Asia, it has a presence in India, Vietnam, Sri Lanka and Indonesia with
eight hospitals in operation and has target a total of 35 regionally by the end
of 2010.
In Malaysia, the Employees Provident Fund (EPF) holds a 30 percent stake in
Columbia Asia Sdn Bhd.
-- BERNAMA
healthcare provider, will invest over RM400 million (US$111.3 million) to build
six new
mid-sized community hospitals nationwide to cater to growing demand.
The hospitals will be in Balakong, Bukit Rimau, Kota Damansara, Nusajaya,
Setapak in Kuala Lumpur and Bintulu, in East Malaysia state of Sarawak. The
projects, currently under construction, are expected to be completed within the
next 14 months.
The chairman of Columbia Asia Group of Companies, Rick Evans said the
company wanted to focus on the increasing demand for affordable healthcare
services across Asia.
"The demand has resulted in an exponential increase in the number of
people who are medically insured by employers and insurance companies," he said
at the signing of a RM116 million syndicated financing-i(commodity
Murabahah/Tawarruq)and Al Ijarah Thumma Al Bai, between Columbia Asia and thre
local banks namely Bank Rakyat, RHB Islamic Bank Bhd and Bank Muamalat Malaysia
Bhd, here.
The financing is to cover 58 percent of the total investment cost of RM225
million for three hospitals in Balakong, Bukit Rimau and Setapak here.
The balance of the investment cost will be from the company's internally
generated funds.
Evans said Columbia Asia wants to be a preferred choice for employers,
insurance companies and families as 60 percent of the company's business in
Malaysia was contributed by third party administration.
Columbia Asia hospitals are designed for short lengths of stay and
organised to use modern medical protocols and technologies.
The company currently operates five hospitals in Miri, Shah Alam, Seremban,
Puchong and Taiping.
In Asia, it has a presence in India, Vietnam, Sri Lanka and Indonesia with
eight hospitals in operation and has target a total of 35 regionally by the end
of 2010.
In Malaysia, the Employees Provident Fund (EPF) holds a 30 percent stake in
Columbia Asia Sdn Bhd.
-- BERNAMA
