Malaysian Genomics Resource Centre to Offer Pioneering Holistic Renal Care via New Venture
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.
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
"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. At
13.2% per year, Malaysia has the second highest annual growth rate
of chronic kidney disease in the world.
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.
Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC:
MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/
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