Pelaburan Hartanah, IJN sign MOU to explore expansion of healthcare facilities

Oct 18, 2024

PHB added that the business models were designed to benefit PHB and IJN by providing a structured framework to support IJN’s healthcare development projects.
KUALA LUMPUR (Oct 18): Pelaburan Hartanah Bhd (PHB) has partnered with IJN Holdings Sdn Bhd (IJN) for the future expansion of the National Heart Institute’s (IJN) healthcare facilities.
PHB group managing director and chief executive officer Mohamad Damshal Awang Damit said this partnership demonstrates the company’s 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,” he said in a joint statement.
The property investment company, under the purview of Yayasan Pelaburan Bumiputera, said the strategic collaboration would explore pioneering forward-commit and forward-funding business models.
PHB added that the business models were designed to benefit PHB and IJN by providing a structured framework to support IJN’s healthcare development projects.
“Under this model, PHB commits to purchasing the healthcare facilities upon their completion, ensuring financial backing for the developer, and making the projects more appealing to investors and partners.
“This approach allows 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,” it said.
Meanwhile, IJN chief executive officer Datuk Seri Dr Mohamed Ezani Md Taib emphasised that IJN is committed to expanding beyond Kuala Lumpur, reaching underserved regions to address the healthcare needs of a broader population.
He said the initiative would pave the way for establishing new facilities, ensuring access to specialised cardiac care for communities across Malaysia, regardless of location.
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Source: EdgeProp.my