TMC Life expects to maintain growth momentum at above 20 per cent
KUALA LUMPUR: TMC Life Sciences Bhd is expected to maintain its growth momentum at over 20 per cent for this year, driven by the increase in the number of beds and the improvement in the quality of the services provided.
Its Group Chief Executive Officer, Roy Quek Hong Sheng, said for financial year ended Aug 31, 2015, the company’s revenue rose by over 20 per cent.
“Since the management takeover in 2010, TMC has been transformed from a loss-making company to one of the fastest-growing medical groups in Malaysia,” he said at media briefing on TMC’s Journey here today.
He said currently its Kota Damansara Tropicana Medical Centre has 204 beds with over 100 consultants compared to 60 beds and 50 consultants when it was set up in 2008.
TMC hospitals had also been transformed from being focussing on fertility and reproductive health in its early years to being a general hospital that provides multidisciplinary health services.
On future growth, he said, TMC Life planned to expand its Kota Damansara hospital to provide an additional 400 beds.
“The RM300 million project will start this year and is expected to be completed in 2019,” he said.
Quek said the group would also spend RM1.2 billion to build a 500- bed hospital, Iskandariah Hospital, in Johor Baharu on a site which the Johor state government proposed to build a medical hub.
“We are supporting the state government’s initiatives to promote the medical tourism and are expanding to provide better facilities and services.
“In the medium term we are targeting to tap the patients from the triangle of Malaysia, Singapore and Indonesia.
In the long term, we plan to tap a bigger triangle of China, India and Australia,” said Quek.
To improve the medical services, Quek said, the healthcare sector would need quality service providers like doctors, nurses and physiotherapists.
“Theaimistoboosttheconfidence of patients and to improve demand and attract more foreigners to seek the medical services here.
“We aim to be the most costeffective services provider in the country, that provide the best medical services at reasonable cost,” he said.
He said the group also intended to set up a medical training college soon to enable medical practitioners to be trained and educated with the best practice by among the best trainers.
“We had narrowed down the partners and are holding serious talks with top UK health training providers,” he said. — Bernama