At the moment, Sunway operates two hospitals — the Sunway Medical Centre in Sunway City and Sunway Medical Centre Velocity in Cheras. These are the Sunway Medical Centre Seberang Jaya in Penang, Sunway Medical Centre Damansara and Sunway Medical Centre Ipoh. The importance of its healthcare business is more apparent from the contribution of the business to Sunway’s overall profitability throughout the years. The expansion of Sunway’s healthcare business has fuelled talks of the group spinning off the business through an initial public offering (IPO). However, Chong says to unlock the value of the healthcare business, the IPO route is not the only option.

Source: The Edge Markets February 11, 2020 06:56 UTC