PRG marks healthcare entry with acquisitions

KUALA LUMPUR: PRG Holdings Bhd has ventured into the healthcare business following the acquisition of several healthcare entities.

This is in line with its aim to diversify into businesses that have high growth and sustainable earnings potential.

The company, via whollyowned subsidiary PRG Healthcare Sdn Bhd (PHSB), entered into a share sale agreement to acquire Roopi Medical Centre Sdn Bhd (RMC) and its properties for RM18.3 million.

The acquisition entails RM7.3 million for RMC and RM11 million for two properties from Linecom Corp Sdn Bhd, a company owned by RMC.

PRG executive director Richard Na, who is also the director of PHSB, said PRG also signed a memorandum of understanding with vendors of Esther Postpartum Care.

“With the support from Esther, we intend to enter the premium postnatal confinement centre market that is mainly targeted at Chinese mothers.

“This industry is experiencing rapid growth as the scarcity of maids and living space constraints are proving to be a challenge for many couples in the city,” he said, here, on Saturday.

He said these acquisitions were in line with PRG’s initiatives to tap the healthcare industry, which was seeing robust growth, underpinned by an ageing population, rising affluence and increasing life expectancy.