Here comes a new challenger in the healthcare playing field

SINGAPORE (Aug 30): Maybank Kim Eng is highlighting Health Management International (HMI) as a “unique hospital operator” for its accelerating growth, healthy balance sheet, established track record and continued expansions.

The SGX-listed company operates two tertiary hospitals in Malaysia, Regency Specialist Hospital in Johor and Mahkota Medical Centre in Malacca, which it acquired in 2009 and 1998 respectively. It also owns and runs a healthcare training institute based in Singapore.

In an unrated report on Monday, analyst John Cheong notes how patient load for both Regency and Mahkota grew “rapidly” and achieved profitability shortly after coming under the umbrella of the group. Continued expansion is also underway; Regency expects to complete its new hospital building in mid-2019, which could possibly double capacity.  

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