SINGAPORE: UEM Edgenta Bhd expects its group revenue to increase by 20% next year, driven by the contribution from its healthcare segment, following the completion of its proposed acquisition of Asia Integrated Facility Solutions Pte Ltd (AIFS) for RM563.2mil.
UEM Edgenta received the green light from its shareholders yesterday for the proposed acquisition and expects to compete the deal by the middle of this month.
“The acquisition will contribute an additional RM310mil to the current contribution of RM350mil from the healthcare sector. “This will total RM660mil, representing 20% of total group revenue.
“This will be reflected in 2017 and upon the successful conclusion of the acquisition on Dec 15, 2016,” UEM Edgenta managing director/chief executive officer Azmir Merican told reporters after the company’s extraordinary general meeting here yesterday.
He said the healthcare segment is fundamental to the company’s core business, besides transportation, hence the transaction is important.
UEM Edgenta, the fourth core division of UEM Group Bhd, is one of the total asset solutions players in the region, providing services to various segments such as asset consultancy, healthcare, infrastructure, facilities, property and energy.
Meanwhile, Singapore-based AIFS is the holding company of UEMS Pte Ltd, a facilities management provider with a track record of over 25 years currently servicing over 90 hospitals and healthcare institutions in the republic, Taiwan and Malaysia, with a total of 26,000 beds. Azmir said over the next five years, UEMS’ growth strategy included expansion into other South-East Asian countries such as Indonesia and Cambodia.
In Malaysia, UEMS services the private healthcare and hospital segments such as Prince Court Medical Centre, Pantai Hospital Kuala Lumpur, Gleneagles Penang and Assunta Hospital.
In Taiwan, it manages hospital facilities for public and private hospitals such as Saint Paul’s Hospital, National Taiwan University Hospital, Pingtung Christian Hospital and Yuan’s General Hospital.
