OPIC Board Approves Financing for Academic Health Sciences Center in Malaysia
June 24, 2013
(OPIC)
Public-Private Partnership Includes Teaching
Hospital, Medical School and Research Center
WASHINGTON, D.C. – The Board of Directors of
the Overseas Private Investment Corporation
(OPIC) recently approved a $250 million loan to
help build Malaysia’s first fully-integrated
private medical school, 600-bed teaching
hospital, and research center.
“This project is critical to Malaysia’s
development plan to help it become a regional
and global health care hub, and will help in
addressing the shortage of local and specialty
talent facing the country’s health care system
today,” said OPIC President and CEO Elizabeth
Littlefield. “In addition to elevating
Malaysia’s ability to provide best in-class
medical treatments within its own borders, this
project will have a significant impact on local
job creation especially in the professional and
technical fields.”
The new academic health sciences center, to be
located near Kuala Lumpur, is a collaboration
between The Johns Hopkins University, the Johns
Hopkins University School of Medicine, Johns
Hopkins Medicine International (JHI), the Royal
College of Surgeons in Ireland and Academic
Medical Centre Sdn Bhd, subsidiary of Chase
Perdana Sdn Bhd, a Kuala Lumpur-based private
development corporation, and an associate
company of Turiya Sdn Bhd.
The Perdana University Teaching Hospital, in
affiliation with Johns Hopkins Medicine
International, will offer highly specialized
services and treatments for a range of ailments
including trauma, cardiology care,
cerebrovascular disease and diabetes. The
teaching hospital will be fully integrated with
the Perdana University Graduate School of
Medicine (PUGSOM) to meet the clinical teaching
needs for medical students and specialty
trainees. PUGSOM is the first medical school
outside of the United States to incorporate
Johns Hopkins’ new interdisciplinary Genes to
Society (“GTS”) curriculum. Johns Hopkins
experts will assist in developing a fully
integrated academic medical center that will be
based on Johns Hopkins’ values of excellence,
discovery and innovation in medical education,
research and patient care.
The new academic health sciences center will
serve as a platform for clinical and
translational research, including
collaborations between Perdana and
international pharmaceutical and biotechnology
companies.
The Government of Malaysia classified the
project as a public-private partnership (PPP)
to support its efforts to upgrade the country’s
healthcare infrastructure to provide world
class medical training and treatments. The PPP
classification is significant because it is
extended only to projects that have national
strategic importance, will have a high
multiplier effect and increase the business
competitiveness of Malaysia.
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