KMI Healthcare, BSHSB Ink RM146 Mln Deal To Build And Lease 100-bed Hospital In Penang
KUALA LUMPUR, March 10 (Bernama) -- Kumpulan Medic Iman Sdn Bhd (KMI Healthcare), a subsidiary of TDM Bhd, has signed a build-and-lease agreement with Bertam Specialist Hospital Sdn Bhd (BSHSB) to develop a 100-bed hospital in Bertam, Seberang Perai Utara, Penang.
The hospital, with a gross development cost of about RM146 million, will be built on a 0.85-hectare site, about a 10-minute drive from the Kepala Batas toll exit.
KMI Healthcare chief executive officer Dr Rayney Azmi Ali said the company would lease the facility from BSHSB for an initial 18-year term, with an option to extend for another 12 years.
"Bertam is a strategic choice, with a population of 117,043, to be exact.
"Currently, the only healthcare establishment in this area is the government hospital, leaving a gap that KMI Healthcare is uniquely positioned to fill," he said at the signing ceremony today.
He also highlighted Penang's growing status as a prime destination for medical tourism, particularly for patients from Indonesia, as one of the key factors.
"With Penang Island becoming increasingly congested, we are providing patients with a new option to access medical services on the mainland.
"With advanced healthcare infrastructure, affordability, and cultural amenities, we are well-positioned to tap into this growing market and offer world-class medical services to international patients," he said.
BSHSB managing director Datuk Seri A K Teng said the hospital's strategic location and modern infrastructure would set a new benchmark for healthcare delivery in the region.
"By combining our resources, expertise, and commitment, we are laying the foundation for a project that will bring lasting value to the community," he said.
The hospital will feature advanced medical and surgical facilities, including centres of excellence, diagnostic services, and patient-focused care units. Construction is set to begin this year, with completion targeted for 2028.
-- BERNAMA