Over the past year, I found myself in and out of a KPJ Specialist Hospital. The reason was because my wife was expecting and our obstetrician is a doctor with a clinic in a KPJ Specialist Hospital. We ended up having to spend hours waiting for our turn to see the doctor every month. During that time, I couldn’t help but notice how crowded the hospital was every time I visited. So, during the waiting times, I turned to Google to find out more about the company. KPJ Healthcare Berhad is actually one of the largest private healthcare groups in Malaysia. Listed on Bursa Malaysia, it has a market capitalization of more than RM4.4 billion. More interesting to me was that the very hospital we visit is owned by Al-`Aqar Healthcare REIT (Bursa: 5116). The REIT owns most of KPJ Hospitals in Malaysia. It is the first REIT listed ......