IHH to forge ahead with expansion and growth strategies
Following the acquisitions of Timberland Medical Centre in Sarawak and Island Hospital in Penang in 2024, the group said in a Bursa Malaysia filing that it had opened the 127-bed Acibadem Kartal Hospital in Turkey in the first quarter of 2025 (1Q25) and expects to complete the acquisition of the 228-bedded Shrimann Superspeciality Hospital in India during the year.
For 1Q25 (ended March 31, 2025), IHH's net profit dropped to RM514mil from RM768mil in the previous corresponding quarter, while revenue grew to RM6.29bil from RM5.96bil a year earlier.
'The growth in revenue was driven by a sustained demand for quality healthcare services, a case-mix of more acute patients and price adjustments to counter inflation.
'The consolidation of Island Hospital, which was acquired in November 2024, also contributed to the increase in revenue.'
IHH said its Singapore hospital inpatient admissions decreased 6% to 14,493 in Q15 while its revenue per inpatient admission increased 10% to RM67,294.
'Malaysia's hospital inpatient admissions increased 6% at 62,406 in 1Q25 while its revenue per inpatient admission increased 6% to RM11,334.
'India's hospital inpatient admissions increased 7% to 78,485 in 1Q25 while its revenue per inpatient admission increased 4% to RM10,152.'
Meanwhile, Turkiye and Europe hospital inpatient admissions was flat at 66,776 in 1Q25 while its revenue per inpatient admission increased 16% to RM13,522 with price adjustments, especially in Turkiye, to counter hyperinflation.
While the demand for quality healthcare remains robust, IHH said ongoing industry-wide challenges including rising cost pressures as well as higher energy costs and staff costs.
'In addition, payor pressures from both public and private insurers continue to shape reimbursement dynamics in the industry.'
To unlock value from its key markets and to address the industry-wide challenges, IHH said it has embarked on a multi-year transformation initiative to drive continuous improvement through seven focus areas - clinical excellence, patient experience, new care models, operational excellence, payor and regulator engagement, employee and doctor value proposition, and the advancement of technology, data, and artificial intelligence.
'The group remains in a good position given its strong track record in delivering high-quality and cost-effective healthcare.
'By leveraging operational synergies across its international network, the group remains confident in its ability to maintain cost efficiency while upholding its commitment to value-based healthcare.'
Despite global economic and geopolitical headwinds, IHH said it remains well-poised to navigate uncertainties, underpinned by strong fundamentals, strategic growth initiatives, and long-term healthcare megatrends.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
4 days ago
- New Straits Times
Anwar: Sejahtera Madani scheme will help eradicate hardcore poverty
KUALA LUMPUR: The government will launch the Sejahtera Madani initiative today as part of efforts to eradicate hardcore poverty, said Prime Minister Datuk Seri Anwar Ibrahim. He said the initiative was a continuation of the government's commitment to supporting the hardcore poor and the poor, through joint efforts by the government and the corporate sector. "Eradicating hardcore poverty has been my priority since the beginning. By the end of 2024, nearly 150,000 hardcore poor households were lifted out of poverty." He said this during a special announcement yesterday that was broadcast live on television channels and social media. Anwar, who is finance minister, said the government had been improving assistance to the people to ease the burden of living expenses since the beginning of his tenure. He said one of the most significant steps was the allocation of RM13 billion for Sumbangan Tunai Rahmah and Sumbangan Asas Rahmah (Sara), the largest such allocation in the nation's history. "Cash assistance under the Social Welfare Department was increased to RM2.9 billion to boost the monthly welfare assistance for the elderly and children from poor families." He said the government also empowered padi farmers by raising the padi floor price to RM1,500 this year, following increases in 2022 and 2023, and increasing the padi price subsidy scheme rate to RM500 in 2023. In the commodity sector, he said the government increased the rubber production incentive to RM3 per kg last year, following increases in 2022 and 2023. He announced a one-off RM100 cash aid to every adult citizen under the Sara programme, postponed the toll rate increase for 10 highways and lowered the RON95 price to RM1.99 per litre. He said more initiatives would be introduced in the 2026 Budget in October. "These are the measures for now. By the end of 2025, we hope to improve with a clearer commitment to provide benefits in the 2026 Budget in October."


The Star
4 days ago
- The Star
Trading ideas: IHH, EcoWorld, CLMT, HI Mobility, Evergreen, TT Vision, Sentoria, AME REIT, UOA REIT, Infomina
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. IHH Healthcare Bhd is consolidating its India hospital operations by integrating Fortis Healthcare Ltd and Gleneagles Healthcare India Pvt Ltd. Tan Sri Liew Kee Sin, executive chairman of Eco World Development Group Bhd , disposed of 100mn shares — representing a 3.4% stake — over 2 days, for an estimated RM190.0mn. Capitaland Malaysia Trust has completed its accelerated bookbuilding exercise to raise RM250.0mn in gross proceeds from its private placement. A total of 409.8mn new units at 61.0sen each will be issued under the private placement, representing a 6.9% discount to the market price. HI Mobility Bhd has denied claims that it reduced the salaries of its cross-border bus drivers, stating that all payments have been made in full and in accordance with employment contracts and statutory regulations. Evergreen Max Cash Capital Bhd has entered into a subscription agreement with DPK Private Equity Sdn Bhd to raise RM40.0mn. TT Vision Holdings Bhd has via its wholly-owned subsidiary TT Vision Technologies Sdn Bhd entered into a 60-year lease with Penang Development Corporation for a 3.6-acre plot in Bayan Lepas Industrial Park for RM25.1mn. Sentoria Group Bhd has reached a settlement with former CEO Datuk Loh Yuen Tuck in the Industrial Court. Under a consent award, Sentoria will pay RM142,800, and both parties will mutually release and discharge all claims against each other. AME Real Estate Investment Trust recorded a 11.5% YoY increase in net property income to RM12.7mn for 1QFY26, contributed by 2 new property acquisitions and higher rental rates from tenancy renewals. UOA Real Estate Investment Trust , which mainly manages commercial properties, saw its net rental income increase by 8.9% YoY to RM18.0mn for 2QFY25 driven by improved occupancies. Infomina Bhd has booked its first quarterly loss since its listing in November 2022, with a net loss of RM3.1mn in 4QFY25, which it attributed to a one-off RM10.0mn provision for doubtful debts related to a customer in the Philippines.

Barnama
5 days ago
- Barnama
IHH Strengthens India Presence Through Fortis-Gleneagles Collaboration
KUALA LUMPUR, July 23 (Bernama) -- IHH Healthcare Bhd (IHH) has announced a strategic collaboration between its two Indian subsidiaries, Fortis Healthcare Ltd and Gleneagles Healthcare India Pvt Ltd, aimed at strengthening operational and financial synergies in the country. In a filing with Bursa Malaysia today, the group said the move involves an operation and maintenance services agreement under which Fortis will manage five out of six hospitals currently operated by Gleneagles India. 'This is a significant step towards strengthening IHH's pan-India healthcare platform with enhanced operational scale, clinical excellence, and geographical reach, while retaining their respective talent pool and autonomy in financial management.