IJN To Be Sold To Sime Darby. Who Will Suffer And Who Will Make Millions?
"We are in the process of finalising the matter with the Ministry of Health although in principle we have no objection to the proposal," he said after chairing a meeting of the Cabinet Committee on AIDS in Parliament, Thursday.
Najib, who is also the Finance Minister, said Sime Darby must pledge its commitment that the poor would not be marginalised if IJN is to be transferred to it.
"Whatever the position of IJN, it is important for the social programme to be given high priority," he added.
It was reported that Sime Darby had written to the government proposing to acquire a stake in IJN Holdings as the operator of the national heart institute.
IJN is currently the leading medical heart centre in the region and is 99.99 percent owned by the Ministry of Finance.
When asked if there were other parties interested in acquiring a stake in IJN, he said: "Not, as far as I know,".
Najib said the proposal would have some advantages for IJN as funding would not be a problem for Sime Darby and doctors would also receive better remuneration.
"Given the need for better treatment of heart diseases and the competition from new hospitals coming up, it is possible to pinch doctors from IJN," he said.
It was reported that Sime Darby is expected to pay a premium price above the typical hospital valuation of 16 times the price to earnings (PE) ratio as IJN is a reputable heart specialist centre in the region. (Bernama)
***** I can't think of a single logical reason for Sime Darby's interest in acquiring IJN other than profit, profit, profit. You can be sure that altruism is not a motivating factor. Having plundered everything in sight, the umnoputeras' avaricious hunger for easy money has not spared even the IJN.
Do you for a minute think that charges would go down after these buggers take control of IJN? The rich and middle class will have to cough out much more while the poor will slowly die at home, unable to afford even a fraction of the fees that will inevitably and surreptitiously be increased skywards. 'There's tons of money to be made in people's suffering' should be Sime Darby's working motto from now on.
Greed merchants laughing all the way to the Swiss Banks.