Kpj Healthcare Berahd
KPJ Healthcare Berhad (KPJ MK)
Company profile ( by MBB)
Overview. KPJ Healthcare Berhad is the largest private hospital operator in Malaysia, operating 20 hospitals and licensed for 2,505 beds. It also runs two hospitals in Indonesia with a total of 140 beds.
KPJ maintains an asset-light structure by selling its hospital buildings to
Al-‟Aqar REIT and then leasing them back. It owns a 49% stake in the
REIT. Johor Corporation, a government-linked corporation of the Johor state and one of Malaysia‟s leading conglomerates, is the parent company of KPJ and holds a 41% interest in it. KPJ was listed on the
Main Board of Bursa Malaysia, then known as the Kuala Lumpur Stock
Exchange, on 29 November 1994 and remains the only listed hospital group on Bursa.
Company profile
KPJ Healthcare Berhad (KPJ) is a leading private healthcare provider in Malaysia with 21 hospitals in Malaysia and two in Indonesia. With more than 2,600 licensed beds, KPJ currently owns the largest private-hospital network in Malaysia. In 2011, KPJ treated 2.4m outpatients and 240,000 inpatients through its network hospital.
As the availability of new hospital sites becomes more limited within the city boundaries, private operators are now either working with property developers or going further inland to expand their presence. We think KPJ‟s acquisition growth strategy is viable as the risk associated with it is lower than setting up new sites. Despite the government‟s focus on transforming Malaysia into a medical-tourism destination, we believe this is a long-term plan, as Malaysia is less competitive in services compared to peers.
Fig 1 KPJ‟s operation snapshot
Source: Company data, Macquarie Research, September 2012
KPJ started as the healthcare division of state-owned Johor Corporation (JCorp) in 1981. In 1994, JCorp decided to list KPJ as the first listed healthcare group in Bursa, Malaysia. Currently, JCorp owns 45% of KPJ shares.
Key management
Datin Paduka
Company profile ( by MBB)
Overview. KPJ Healthcare Berhad is the largest private hospital operator in Malaysia, operating 20 hospitals and licensed for 2,505 beds. It also runs two hospitals in Indonesia with a total of 140 beds.
KPJ maintains an asset-light structure by selling its hospital buildings to
Al-‟Aqar REIT and then leasing them back. It owns a 49% stake in the
REIT. Johor Corporation, a government-linked corporation of the Johor state and one of Malaysia‟s leading conglomerates, is the parent company of KPJ and holds a 41% interest in it. KPJ was listed on the
Main Board of Bursa Malaysia, then known as the Kuala Lumpur Stock
Exchange, on 29 November 1994 and remains the only listed hospital group on Bursa.
Company profile
KPJ Healthcare Berhad (KPJ) is a leading private healthcare provider in Malaysia with 21 hospitals in Malaysia and two in Indonesia. With more than 2,600 licensed beds, KPJ currently owns the largest private-hospital network in Malaysia. In 2011, KPJ treated 2.4m outpatients and 240,000 inpatients through its network hospital.
As the availability of new hospital sites becomes more limited within the city boundaries, private operators are now either working with property developers or going further inland to expand their presence. We think KPJ‟s acquisition growth strategy is viable as the risk associated with it is lower than setting up new sites. Despite the government‟s focus on transforming Malaysia into a medical-tourism destination, we believe this is a long-term plan, as Malaysia is less competitive in services compared to peers.
Fig 1 KPJ‟s operation snapshot
Source: Company data, Macquarie Research, September 2012
KPJ started as the healthcare division of state-owned Johor Corporation (JCorp) in 1981. In 1994, JCorp decided to list KPJ as the first listed healthcare group in Bursa, Malaysia. Currently, JCorp owns 45% of KPJ shares.
Key management
Datin Paduka