Dec 17, 2020 (Heraldkeepers) — Strategy Project Partnership, Transaction Advisory & Financial Solution in Healthcare Services
It is a great pleasure to announce that QMIS Securities Capital (M) Sdn Bhd (the “Company”, and together with its affiliated companies, the “QMIS”) has on 12 December 2020 entered into a collaboration partnership MOU with “H Healthcare Berhad (HHB)” Richwood Ventures Bhd (“Richwood”). And Chang Dynasty Sdn. Bhd. (“Chang Dynasty”) in relation to the initiation of development and support of 9 Medical Centre and 5 Super Specialist Hospital projects over South East Asia in 2 to 3 years.
Asian Healthcare – Poised for Growth
The total healthcare spending in Asia is estimated to exceed USD 4 trillion by 2024. A report by International Data Corporation shows that Asia Pacific’s healthcare information technology (IT) sector spending is forecast to increase from USD 12.2 billion in 2019 to USD 14.9 billion by 2022, at a compounded average growth rate of 7% led by software and IT services.
However, healthcare services face renewed pressure to improve the quality of care and operate more efficiently. This could force clinics and hospitals to focus more on capturing transactional cost synergies and achieving operational efficiencies, rather than on improving the strength of their networks. Increased spending in healthcare, driven by an ageing and growing population is expected to induce even higher valuations. This trend has prompted a surge in IPO’s and M & A. Healthcare services will therefore continue to be targeted for investment.
Strategic Alliances and Smart Partnership – High Expertise and Resources
The strategic alliance will support clinical teams in the group of H Healthcare Berhad (“HHB”) to facilitate virtual clinician-to-patient consultation, shared clinical decision making, and access to specialist resources through digital solution clinical platform. For example, the adoption of telehealth solutions was one of the key health-Tech trends of 2019 – 2020.
QMIS will act as a Financial Advisor and the conduit for other two strategic partners to work together towards the project. QMIS is also interested in modelling the premises provider(s) for clinical platform as an online platform that implements the sharing economy model, much like Uber and Airbnb as a way to offer cheaper alternative to the medical practitioners.
Chang Dynasty as a real estate development company shall provide the projects and shall continue sourcing for more hospitals and healthcare center suitable for the purpose hereto.
Richwood offers a boutique advisory service specializing on marketing strategies, promotion events to achieve wider audience for the projects.
QMIS will work closely with the parties in the months ahead to leverage operation synergies. Additionally, QMIS will look into investing in digital healthcare solution to enhance the patient experience, synonymous with its brand image.
About H Healthcare Berhad (“HHB”)
H Healthcare Berhad (“HHB”) is a holding company which committed to develop Medical Center, Hospitals & Health Education Institutes across South East Asia. As a multinational company headquartered in Malaysia has expanding its business operation to Singapore, Cambodia, Vietnam, China and Indonesia.
As well as working with the NHS and other global health organizations, H Healthcare Group works with strategic partners on medical tourism, health screening center and corporate health management program. It has a combined strength of networking of more than 60,000 sessional medical consultants in international.
H Healthcare Berhad vision is to become the largest and most trusted healthcare services provider network in ASEAN. H. Healthcare will continue to make healthcare services more convenient and affordable to patients by offering a full spectrum of integrated healthcare services from Ambulatory Care Centre to hospitals and a wide range of ancillary services across internal portfolio which comprises premium-brand healthcare assets, collectively representing a unique multi-market investment position in the healthcare sector.
Future Intrinsic Values
The signing of this MOU is important to QMIS in our efforts to expand and strengthen our company position in the financial industry. It is important in our effort to create and apply innovative financial and technological solutions. We feel much honored to have been given this opportunity to work together towards realizing and achieving our common goals.
The rapid pace of technological innovation has created a massive transformation in the financial services industry. Fast changing business landscape calls for new approaches to innovation and growth. The COVID-19 pandemic has highlighted that businesses needed to embrace flexibility with the acceleration of existing trends toward digitalization. We hope that this partnership will be mutually beneficial.
QMIS Management team is constantly seeking to create and apply innovative financial and technological advancement to any project that we undertake. The management team is also opting to improve existing operations and to position for expansions and new opportunities.
None of the Directors or substantial shareholders of the Company has any direct or indirect interest in the project, other than through their shareholding interests in the Company.
This announcement is dated December 17th, 2020.