Tuesday, April 12, 2011

MEGB ... Apr11

Sources say Masterskill Education Group Bhd, the operator of Masterskill University College of Health Sciences, intends to open a campus in Indonesia soon in a move to diversify geographically.

The education group will form a joint venture with Indonesia-based hospital owner PT Sejahteraraya Anugrahjaya (PTSA) for the venture.

Under the plan, which is in its preliminary stages, the new campus would be able to enrol about 20,000 students for each semester.

Should the plan materialise, it would be a big boost to Masterskill in terms of student count and earnings. The group currently has about 18,400 students.

Ii had entered into a share subscription agreement to buy US$1 million (RM3.02 million) of new shares in Indonesia-based hospital owner PT Surya Cipta Inti Cemerlang, which is listed on the Jakarta Stock Exchange.

PT Surya Cipta Inti Cemerlang is the controlling shareholder of PTSA, which owns and operates the Mayapada Hospital in Tangerang, near Jakarta.

The share acquisition would enable the group to establish clinical training collaboration with Mayapada Hospital to allow the former’s students to comply with their academic requirements.

A venture into highly populated Indonesia, whose economy was on the growth path, was a good move as the demand for healthcare and healthcare practitioners was expected to be much bigger than at home.

Whether private or public hospitals, the demand for healthcare will increase in tandem with the country’s economic growth as the standard of living improves.

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