Introduction
Healthcare represents the fourth core business of TH Group after plantation, contracting services and IT. The acquisition of the NCI Cancer Hospital (NCICH), formerly known as Nilai Cancer Hospital in Nilai, Seremban, via its holding company Asiaprise Biotech Sdn Bhd at the end of year 2003 marks the Group’s official entry into the sector . An announcement to this effect was first made in July 2003. Subsequently the Securities Commission approved the acquisition in March 2004. The decision to enter this sector was based on several important considerations:
- Natural progression
Prior to the NCICH acquisition, TH Group was already concentrating a large portion of its venture capital investments in biotechnology.
- Sunrise industry
Healthcare is one of the more dynamic industries in Malaysia , boasting an annual growth in excess of six per cent. Currently valued at RM900 million, the figure is expected to reach RM1.2 billion by year 2005.
- Stability
Healthcare is not susceptible to the cyclical nature of many other businesses, and remains reasonably unaffected by the global economic environment.
- Strong Governmental Support
The Malaysian Government has indicated its commitment to promoting the sector by allocating RM5.475 billion to healthcare under the Eighth Malaysia Plan (2001-2005) and is even keen on establishing the country as a centre for healthcare tourism.
| About NCI Cancer Hospital (NCICH) |
Founded in 1999 by Dr Kim Tan, a leading UK-based biotech entrepreneur, NCI Cancer Hospital (NCICH) , is a specialist private oncology center based in Bandar Baru Nilai, 40 minutes from Kuala Lumpur and just 15 minutes from the Kuala Lumpur International Airport (KLIA). NCICH is the first private cancer centre in Malaysia which provides diagnosis and treatment to cancer patients as well as conducts clinical research with multinational pharmaceutical companies. It complies with the Good Clinical Practice (GCP) guidelines and has been an ISO accredited hospital since 2002.
Our primary aim is to provide high quality cancer treatment in compliance with international standards. We offer a multi-disciplinary approach to the diagnosis and treatment of patients and our palliative care and support services form an integral part of our care management strategy. We pledge for best patient care at NCICH and the NCI Specialist Clinics, and our dedicated and qualified staff will ensure all patients are looked after with care and compassion.
Website: www.nci.com.my |
