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PHB Explores Funding IJN's Future Healthcare Assets

Business Today ·  Oct 18 10:51

Pelaburan Hartanah Berhad (PHB), is looking to support the National Heart Institution, IJN Holdings Sdn Bhd on future expansion of its healthcare facilities.

This strategic collaboration will explore on PHB purchasing IJN's healthcare facilities upon their completion, ensuring financial backing for the developer and making the projects investment ready for its investors and partners. This will also allow IJN to focus on its core mission of delivering world-class cardiovascular care while alleviating the burden and risk of managing land and property development.

PHB's AAA credit rating from RAM Ratings and Gold 3 Sustainability Rating provides developers with robust support to secure more favourable financing terms and enhanced loan accessibility. This approach not only strengthens the viability of healthcare projects but also ensures the timely delivery of cutting-edge facilities to meet the growing demand for' medical services.

PHB Group Managing Director/Chief Executive Officer, Mohamad Damshal Awang Damit, said, "This partnership demonstrates our commitment to creating sustainable value through strategic investments in the healthcare sector. The forward commit model allows us to leverage our financial strengths to support IJN's expansion, ensuring that we contribute to Malaysia's healthcare excellence and economic growth".

In his speech, IJN Holdings Group Chief Executive Officer, Prof. Dato' Sri Dr Mohamed Ezani Md Taib, emphasized that, "IJN is committed to expanding beyond Kuala Lumpur,reaching underserved regions to address the healthcare needs of a broader population. This initiative will pave the way for establishing new facilities, ensuring access to specialized cardiac care for communities across Malaysia, regardless of their location. It is important to highlight that this is more than an infrastructure development collaboration – it reflects our commitment to the future of healthcare in Malaysia.

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