Mexter to set up fertility centre with Universiti Malaya


  • Business
  • Tuesday, 02 Oct 2018

Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

PETALING JAYA: Mexter Technology Bhd, in collaboration with Universiti Malaya (UM), will establish a fertility centre to promote, develop and market the latter’s fertility and other medical services.

In a filing with Bursa Malaysia yesterday, IT company Mexter said its wholly owned subsidiary - LYC Medicare Sdn Bhd (LYCM) - had entered into a service and collaboration agreement with UM’s University Malaya Medical Centre (UMMC) to establish the LYC Fertility Centre.

“Based on the agreement, the parties have agreed to collaborate with each other to market UMMC’s fertility and other medical services via LYCM’s establishment of LYC Fertility Centre, a service provider to cater to high-end fertility patients and also to promote medical tourism for international patients.”

Mexter’s foray into the healthcare sector kicked off in March this year, when it set up its first mother-and-child centre in Taman Tun Dr Ismail in Kuala Lumpur called the LYC Mother & Child Centre, with a capacity of 33 rooms.

In January, Mexter told StarBizWeek in an e-mail that it sees the healthcare industry as a comparatively stable market that is anticipated to compensate for business cycle fluctuations.

“Mexter has chosen mother-and-child-related healthcare services as its maiden focus in the healthcare segment as Malaysia has a relatively young demographic, which makes this sub-segment an attractive business proposition with good long-term viability.

“Confinement care is a traditional post-natal practice, which is aimed at helping new mothers recover from the rigours of pregnancy, labour and birth. The main objective of a post-partum care centre is to ensure that the mother and baby are healthy, and the mother is equipped with all the information about motherhood and the baby is looked after during the mother’s recovery period,” it said.

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