AsiaMedic partners with Sunway to establish new diagnostic imaging centre

▴ AsiaMedic
The planned close to 6,000 sqft facility at Royal Square in Novena is expected to commence operations by November 2024 and will nearly double AsiaMedic’s diagnostic imaging capacity.
  • AsiaMedic’s continued capacity expansion follows three consecutive years of revenue growth which reached a record high for FY2023.

SINGAPORE, May 14, 2024 - (ACN Newswire) - SGX Catalist-listed AsiaMedic Limited (the “Company” and together with its subsidiaries, the “Group”) announced that the Company’s wholly-owned subsidiary, AMC Healthcare Pte. Ltd (“AMC”), has entered into a shareholders’ agreement with Sunway Equity Holdings Pte. Ltd. (“SEH”) to set up and operate a new medical diagnostics imaging centre in Novena, Singapore.

AMC and SEH will establish AsiaMedic Sunway Pte. Ltd. to operate the new centre in Novena, which will provide a comprehensive range of general imaging as well as sub-specialised fields of radiology imaging such as computed tomography (CT) scans and magnetic resonance imaging (MRI) scans using the latest equipment.

Mr Arifin Kwek, Chief Executive Officer of AsiaMedic Limited, said, “The partnership with Sunway presents an opportunity for expansion of the Group’s diagnostic imaging business into Novena, which is a significant healthcare and medical services hub in Singapore. This will greatly complement the Group’s existing integrated medical centre at Orchard Road and enable us to serve more patients with greater convenience.”

The new diagnostic imaging centre will offer the same cutting-edge imaging services as the Group’s flagship centre at Orchard Road, which significantly expanded its capacity in September 2023 by being the first in Asia Pacific to operate the SIGNA™ Hero 3T MRI scanner. Once completed, the new centre in Novena will nearly double the Group’s diagnostic imaging capacity.

In FY2023, diagnostic imaging and radiology services revenue increased by 72% and contributed nearly 50% of Group revenue. Demand for the Group’s services remained strong across the entire spectrum of healthcare providers with an increase in referrals from clinics and hospitals.

Ms Sarena Cheah, Executive Director of Sunway Berhad, said, “We are confident in the long-term prospects of our partnership as AsiaMedic has a trusted track record and aptitude in providing tailored offerings to its patients. In addition, the new diagnostic imaging centre’s strategic location and close proximity to other healthcare providers will position us as the preferred choice for patients. This partnership will offer strategic benefits to Sunway and enhance our existing healthcare ecosystem.”

SEH is wholly-owned by Sunway City Sdn Bhd which in turn is wholly-owned by Sunway Berhad, one of Southeast Asia’s most prominent conglomerates and one of the leading private healthcare groups in Malaysia.

AsiaMedic continues to invest in the latest technology to enhance the patient experience and maintain its position as a preferred provider of diagnostic imaging radiology services. In March 2024, the Group became the first in Singapore to install the latest Revolution™ Apex Elite CT scanner. The Group will also continue to explore potential opportunities for further expansion and long-term growth.

Tags : #

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Why Caregiver Communication Should Be Part of Patient-Centred CareOctober 31, 2026
How Hospitals Can Improve Accessibility for Older AdultsOctober 31, 2026
Predictive Operations: Reducing Hospital Bottlenecks in IndiaOctober 31, 2026
Medical Debt in India: Managing Healthcare CostsOctober 31, 2026
October 30, 2026
Wastewater Surveillance: India's Early-Warning System for Disease OutbreaksOctober 30, 2026
Adolescent Healthcare in India: Why Teens Need a Different ModelOctober 30, 2026
Dark Web Health Data: Why Medical Records MatterOctober 27, 2026
Can Conversational AI Improve Patient Follow-Up After Discharge?October 27, 2026
UAE fast-tracking advanced diagnostics as global market heads for US$152 billionOctober 26, 2026
How Digital Check-In Can Support More Accessible Patient JourneysOctober 26, 2026
The Role of Consent Communication in Digital Healthcare ServicesOctober 26, 2026
How Data Analytics Is Transforming Hospital Decision-MakingOctober 26, 2026
Hospital Intelligence: The Next Big Leadership Shift in India October 26, 2026
What Patients Should Expect From a Well-Designed Health Checkup ProgrammeOctober 23, 2026
Building Stronger Community-Based Screening ProgrammesOctober 23, 2026
Gulf Medical University Ranks 1st for International Student Ratio in QS Arab Region Rankings 2027October 22, 2026
Arthritis Is Not Just an Elderly Person's Disease: Why Younger Adults Are Also Developing Joint ProblemsOctober 22, 2026
Krishna Automotive strengthens its operations in Hyderabad. Enhances customer offering with BMW Service Workshop and BMW Premium Selection.October 22, 2026
CTR-JK Tyre FMSCI Indian National Car Racing Championship 2026 set for season opener in CoimbatoreOctober 22, 2026