UEM Edgenta’s Healthcare revenue to grow 20 pct with AIFS acquisition
PETALING JAYA: UEM Edgenta Bhd expects its group revenue to increase by 20 per cent next year, driven by the contribution from its healthcare segment, following the completion of its proposed acquisition of Asia Integrated Facility Solutions Pte Ltd (AIFS) for RM563.2 million.
The acquisition will contribute an additional RM310 million to the current contribution of RM350 million from the healthcare sector. Azmir Merican, UEM Edgenta managing director/chief executive officer
UEM Edgenta yesterday received the green light from its shareholders for the proposed acquisit ion and expects to compete the deal by the middle of this month.
“The acquisition will contribute an additional RM310 million to the current contribution of RM350 million from the healthcare sector.
“This will total RM660 million, representing 20 per cent, of total group revenue.
“This will be ref lected in 2017 and upon the successful conclusion of the acquisition on Dec 15, 2016,” UEM Edgenta manag ing di r e c tor/ chief executive officer Azmir Merican told reporters after the company’s extraordinary general meeting yesterday.
He said the hea lthcare segment is fundamental to the company’s core business, besides transportation, hence the transaction is important.
UEM Edgenta, the fourth core division of UEM Group Bhd, is one of the total asset solutions players in the region, providing services to various segments such as asset consultancy, healthcare, infrastructure, faci l it ies, property and energy.
Meanwhile, Singapore- based AIFS is the holding company of UEMS Pte Ltd, a facilities management provider with a track record of over 25 years currently servicing over 90 hospitals and healthcare institutions in the republic, Taiwan and Malaysia, with a total of 26,000 beds.
Azmir said over the next five years, UEMS’ growth strategy included expansion into other Southeast Asian countries such as Indonesia and Cambodia.
In Malaysia, UEMS services the private healthcare and hospital segments such as Prince Court Medical Centre, Pantai Hospital Kuala Lumpur, Gleneagles Penang and Assunta Hospital.
In Taiwan, it manages hospital facilities for public and private hospitals such as Saint Paul’s Hospital, Nat ional Taiwan University Hospital, Pingtung Christian Hospital and Yuan’s General Hospital.
As for Singapore, it provides housekeeping and pat ient management services for clients including Changi General Hospital, St Luke’s Hospital, Tan Tock Seng Hospital, as well as Sengkang Health@ Alexandra Hospital. — Bernama