|
|
|
|
|
|
| The Group acquires 51% of kidney dialysis operator to offer holistic management of kidney health for dialysis patients |
PETALING JAYA, Malaysia, June 23, 2022 - (ACN Newswire) - Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, announced today that the Group is acquiring a 51% stake in Aquahealth Sdn Bhd, a kidney dialysis operator, from Rinani Renal Berhad.
 | | En. Sasha Nordin, Chief Executive Officer of Malaysian Genomics |
Aquahealth is establishing a kidney dialysis centre in Gombak, Selangor, with the license to operate the centre owned by the Malaysia International Islamic Chamber of Commerce. With the acquisition of the stake, Malaysian Genomics, through its wholly-owned subsidiary, MGRC Healthcare Sdn Bhd, will now become the operator of the dialysis centre.
En. Sasha Nordin, Chief Executive Officer of Malaysian Genomics, said, "This will be the first of many centres across the country that will be driven by a personalised kidney care model integrating dialysis with nutrition management, lifestyle changes, and even genetic testing of patients and their immediate family members. This pioneering approach will focus on bringing innovations in service delivery to improve the lives of patients with chronic kidney disease."
"Expanding downstream to healthcare services, through our subsidiary MGRC Healthcare, is an important step in Malaysian Genomics' growth as a diversified specialist healthcare group. The acquisition of the Aquahealth stake is part of our Group's strategy to secure a diverse portfolio of earnings accretive assets across Southeast Asia that will, in turn, leverage and benefit from our genomics and biopharmaceutical knowledge and experience developed over the past 18 years."
According to the Ministry of Health's Management of Chronic Kidney Disease report, the number of Malaysians with kidney disease is projected to increase significantly in the future mainly due to the prevalence of diabetes, hypertension and an aging population[1]. At 13.2% per year, Malaysia has the second highest annual growth rate of chronic kidney disease in the world[2].
Dato' Dr. Suhaini Kadiman, Chairman of Malaysia International Islamic Chamber of Commerce and Director of Clinical Research at Institute Jantung Negara added, "Thousands of kidney patients are on waiting lists for dialysis treatment and new centres are urgently needed. We welcome MGRC Healthcare's interest to collaborate with us to operate the centre in Gombak, and we look forward to the innovations they will contribute to improve the lives of kidney dialysis patients."
Recently, Minister of Health YB Tuan Khairy Jamaluddin noted that there were over 40,000 kidney patients in Malaysia, with over 8,000 new patients diagnosed annually since 2018[3].
[1] https://tinyurl.com/42jexjsk
[2] https://tinyurl.com/2cmkmzkz
[3] https://tinyurl.com/mr3mkfmk
Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/
Topic: Press release summary
Source: Malaysian Genomics Resource Centre Bhd
Sectors: Daily News, BioTech, Healthcare & Pharm, Local Biz
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Malaysian Genomics Resource Centre Bhd |
| Aug 29, 2023 13:00 HKT/SGT |
|
Malaysian Genomics Unveils Strategic Advances in Biopharmaceuticals |
| May 15, 2023 18:00 HKT/SGT |
|
Malaysian Genomics Inks Agreement in Expansion to Bangladesh |
| Feb 27, 2023 13:00 HKT/SGT |
|
Malaysian Genomics to Boost Play on the Football Pitch |
| Feb 24, 2023 17:30 HKT/SGT |
|
Malaysian Genomics Pivots to Biopharmaceuticals for Growth |
| Feb 24, 2023 13:30 HKT/SGT |
|
Malaysian Genomics to Collaborate on Cannabinoid R&D |
| Feb 22, 2023 14:30 HKT/SGT |
|
Malaysian Genomics to Offer World's First DNA-Driven Fertility Test |
| Jan 9, 2023 14:00 HKT/SGT |
|
Malaysian Genomics Explores R&D Collaboration with SIRIM |
| Nov 23, 2022 17:30 HKT/SGT |
|
Malaysian Genomics Sees Rise in Profit Margins for 1Q |
| Oct 26, 2022 19:00 HKT/SGT |
|
Malaysian Genomics Signs Strategic Collaboration Agreement for Expansion in the UAE |
| Oct 12, 2022 13:00 HKT/SGT |
|
Malaysian Genomics Signs Agreement with National Institutes of Health to Explore Research Opportunities |
| More news >> |
 |
|
|
