KUALA LUMPUR: Sunway Healthcare Holdings Bhd continues to expand its paediatric services at Sunway Medical Centre in Bandar Sunway, despite declining birth rates in the Klang Valley.
Hong Leong Investment Bank Bhd (HLIB) said the expansion was supported y two factors, namely rising healthcare spending per child, underpinned by higher household incomes, and potential for long-term patient retention.
It noted that the hospital believes demand for higher-quality healthcare could continue to grow despite declining birth rates, as families with fewer children may be willing to spend more on their healthcare needs.
HLIB said establishing patient relationships from childhood creates opportunities to retain them as they transition into adulthood and later life, supporting long-term patient lifetime value.
