PETALING JAYA: Tambun Indah Land Bhd has entered into a memorandum of understanding (MOU) with Show Chwan Medical Care Corporation to collaborate on the proposed establishment of a private specialist hospital known as Penang Show Chwan Hospital.
In a Bursa filing this afternoon, Tambun Indah said the hospital will be located in Seberang Prai in a township currently being developed by the group.
Under the MOU, Tambun Indah and Show Chwan will set up a collaboration for the purpose of materialising the project and to carry out a feasibility study.
“This will include jointly contributing their own expertise and specialties to hospital master planning and development, project management and construction and hospital operations, management and infrastructure,” it said.
Show Chwan manages a healthcare system in Taiwan, owning and operating eight hospitals that provide a full range of medical specialties through various facilities.
“The board of directors of Tambun Indah is of the opinion that MOU is in the best interest of the group as it provides the opportunity for the company to enhance its potential earnings and to improve its long-term growth prospects,” it said.
The project is envisaged to be a multi-disciplinary medical centre with approximately 250 beds situated on a 4-acre land at Pearl City Business Park.
If established, the hospital shall cater to the population in Seberang Perai Selatan and Seberang Perai Tengah, and also several well established and large scale industrial parks such as the Prai Industrial Park, Penang Science Park and Bukit Minyak Industrial Park.
The project shall also contribute to promoting Penang as a major medical tourism destination or hub in the region.