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Sunway Healthcare Unit to Buy Land Parcels Worth MYR45 Million

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Sunway Healthcare (KLSE:SUNMED) unit Sunway Medical Center, has agreed to acquire four freehold land parcels in Johor, Malaysia, for 45.4 million ringgit, according to a Wednesday Malaysian bourse filing.

The 9.918-acre site is earmarked for the development of a 410-bed hospital with an estimated total development cost of about 781.6 million ringgit.

The acquisition replaces an earlier 2024 agreement for a leasehold parcel, which was terminated upon execution of the new sale and purchase agreement.

The acquisition, which will be funded through internal funds and/or bank borrowings, is expected to be completed by the second quarter of 2027, subject to the fulfilment of conditions precedent.

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