PMG Healthcare Group has announced a RM74m strategic investment deal with Singapore-based Ikhlas Capital, aimed at expanding healthcare services in Sarawak and across Malaysia. Founded in 2012 in Sarikei, Sarawak, PMG has grown to become the largest integrated primary healthcare provider in East Malaysia, operating 152 community pharmacies, 28 medical clinics, and eight dental clinics nationwide.
The partnership with Ikhlas Capital, an ASEAN private equity fund manager, is set to bolster PMG’s mission of providing high-quality and accessible primary healthcare. Dr. Chieng King Chong, Executive Chairman of PMG Healthcare Group, stated, “This collaboration will empower us to expand our successful integrated healthcare services model nationwide, upgrade our facilities, implement innovative technologies, and make treatments more affordable through effective procurement strategies.”
Ikhlas Capital Chairman TS Nazir Razak emphasised the alignment of values between the two organisations, noting, “PMG Healthcare is not just a financial investment. We see ourselves as allies in PMG’s mission to shape the future of the healthcare industry and to deliver exceptional care to those who need it the most.”
The Sarawak government has expressed optimism about the partnership’s potential to fill gaps in primary and preventive care. Deputy Premier and Minister for Public Health, Housing and Local Government, Datuk Amar Prof. Dr. Sim Kui Hian, remarked that the collaboration aligns with the state’s healthcare aspirations.
This strategic investment is expected to enhance PMG’s capacity to deliver both physical and digital healthcare services, ultimately contributing to the transformation of Malaysia’s healthcare delivery ecosystem.
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