MGRC acquires 51% stake in kidney dialysis operator

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KUALA LUMPUR: Malaysian Genomics Resource Centre Bhd is acquiring a 51% stake in kidney dialysis operator Aquahealth Sdn Bhd from Rinani Renal Bhd in line with efforts to diversify its healthcare offerings.

The Ministry of Health’s Management of Chronic Kidney Disease reported that 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 ageing population.At 13.2% per year, Malaysia has the second highest annual growth rate of chronic kidney disease in the world.

According to Sasha, the expansion downstream to healthcare services through its subsidiary MGRC Healthcare is a step towards its growth as a diversified specialist healthcare group.

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Author / Journalist: The Star Online

Category: Economy

Topics: Malaysian Genomics Resource Centre Corporate News Dialysis Aquahealth Sasha Nordin MGRC /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 13:30:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 272 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 5489

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About The Star Business

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 35 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 34m ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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