Tropicana Medical Centre will spend RM300 million on expansion

TMC Life Sciences Bhd aims to spend up to RM300 million to expand the facilities at its Tropicana Medical Centre in Kota Damansara.

The expansion plans are to meet the growing demand from the surrounding community and the Klang Valley. It will involve the construction ofa new building to house 180 inpatient beds, 128,000 square feet of specialist outpatient clinics, five additional operating theatres and 170,000 square feet of commercial/retail space.

Subsequently, TMC Life is looking to expand on the balance of its land in Kota Damansara.

Jarvis Says:
TMC Life’s capex to expand its hospital capacity is likely to be positive. It allows the company to accomodate & serve more patients. This raises its prospects for higher revenue & profits.

Here are the other headlines in the Malaysian business news for today:

  1. Celcom expects better performance for 2015
  2. Price of palm oil fell 0.4%
  3. CAB Cakaran to hit RM1 billion in 2015
  4. Franklin Resources raises stake in Old Town
  5. Mercedez-Benz Malaysia records 16.5% sales growth
  6. Sona scraps plan for Salamander asset purchase

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