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KMI Healthcare Acquires Tawau Specialist Hospital

30 September 2021 – Kumpulan Medic Iman Sdn Bhd (KMI Healthcare) a group healthcare arm of TDM Berhad, through its wholly owned subsidiary, KMI Tawau Medical Centre Sdn Bhd (Company No. 202101010833 (1441132-A) has entered into agreements for the acquisition of operations of Tawau Specialist Hospital (TSH) and sub- lease of its building with Tawau Specialist Hospital Sdn Bhd (TSHSB) for a consideration of RM8 Million. The signing ceremony was held at Mandarin Oriental, Kuala Lumpur earlier today.

Upon acquisition, TSH will be renamed as KMI Tawau Medical Centre (“KMI Tawau”). This rebranding forms part of thorough transformation program canvassed by KMI Healthcare for KMI Tawau, which shall be followed by expansion of current capacity to 76 beds via development of 6-storey building to meet the demand for excellent and affordable healthcare services within Tawau and its surrounding areas.

The signed agreements consist of Business Transfer Agreement and Sub-Lease Agreement whereby the parties agree for full transfer of TSH operations and its underlying assets to KMI Healthcare. Through the Sub-Lease Agreement, KMI Healthcare shall lease the hospital land and building from TSHSB for a gross period of 30 years (15 years and renewable for another 15 years).

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