Al-Modawat launches new hospital expansion phase; adds new projects

Al-Modawat proceeds with a new expansion phase to meet rising patient demand

Al-Modawat Specialized Medical Co.’s board of directors decided to boost the scope of the hospital expansion project, initiating a new phase of construction works, in addition to launching new projects.

According to a statement to Tadawul, the move was driven by a noticeable rise in occupancy rates and growing demand for the hospital’s services.

The new expansions include a 162% increase in the number of suites in the inpatient department in the eastern building, which accounts for 14% of the hospital's total bed capacity.

Besides, there was a quintuple increase in the physiotherapy department in the eastern building, enhancing capacity and improving the quality of therapeutic services.

The construction of a 40-meter bridge between the main western building and the eastern building aimed at integrating hospital facilities, improving operational flow, and achieving seamless service connectivity.

The company further sought to expand the hospital laundry unit by approximately 58% to support rising operational capacity.

These developments included the full completion and operation commencement of the second-floor expansion in the main western building, covering 3,000 square meters (sqm).

This is in addition to the full completion of the mosque, warehouse area, and administrative offices in the eastern building, with operations already underway.

The company also completed 80% of the 42 new clinics within the eastern building expansion project, as well as 90% of the radiology department in the eastern building, in preparation for commencing operations. In addition, it finished 60% of the men’s and women’s fitness center.

The relevant financial impact will begin once each project is completed and operational.

Any material developments related to the project will be disclosed in due course.

These expansions come in response to rising demand for the company's services and will support its growth and operational expansion in the coming period, with an expected positive impact on revenue and profit.

According to Argaam data, Al-Modawat’s board of directors decided on May 5, to boost the expansion works of the western building in Al-Modawat Hospital and to start preparing the eastern building due to the high occupancy rates.