KUCHING, 26 FEBRUARY 2025: In a move set to enhance healthcare accessibility in Malaysia, PMG Healthcare Group (PMG), the largest integrated primary healthcare provider in East Malaysia, has secured a RM74 million strategic investment from ASEAN private equity fund manager, Ikhlas Capital. This alliance aims to amplify PMG’s core business of providing high-quality and accessible primary healthcare, and extend its reach to underserved communities across Malaysia and beyond.
Founded in 2012 in Sarikei, Sarawak, PMG has experienced remarkable growth. Now operating an extensive network of 152 community pharmacies, 28 medical clinics and 8 dental clinics nationwide, the Group’s emphasis on service first – before everything else, is what truly sets them apart. Their unwavering commitment ensures that every patient receives personalized, professional guidance tailored to their healthcare needs, delivering the best possible care to each individual who walks through their doors.
Dr. Chieng King Chong, Executive Chairman of PMG Healthcare Group, emphasized the significance of this partnership
“This collaboration will empower us to expand our successful integrated healthcare services model nationwide, upgrade our facilities, implement innovative technologies, and
make treatments more affordable through effective procurement strategies. These efforts will ensure accessible, quality healthcare for more communities, both physically and digitally,”
TS Nazir Razak, Chairman of Ikhlas Capital highlighted the alignment of values and objectives between the two organizations:
“PMG Healthcare is not just a financial investment. We see ourselves as allies in PMG’s mission to shape the future of the healthcare industry and to deliver exceptional care to those who need it the most. It is our shared vision to support exceptional Sarawakian businesses and to scale them into national and regional champions, at the same time contribute to the transformation of Malaysia’s healthcare delivery ecosystem,”
Public-private partnerships are critical to a sustainable healthcare solution for the people of Sarawak. YB Datuk Amar Prof. Dr. Sim Kui Hian, Deputy Premier and Minister for Public Health, Housing and Local Government opined that:
“With this partnership between PMG Healthcare Group and Ikhlas Capital, the Sarawak government believes we can fill in the gap for access to primary and preventive care, health education, and public health programs in line with the state’s aspirations.”
About PMG
PMG Healthcare Group (PMG) was founded in 2012 in Sarikei, a quaint town nestled in the heart of Sarawak. Today, PMG is one of the largest local primary healthcare companies in Malaysia, setting up more than 188 outlets across Sarawak, Sabah and Peninsular Malaysia.
PMG offers a comprehensive range of primary healthcare services, including medical clinics, dental clinics and community pharmacies. Envisioning to be the leading local healthcare services provider, PMG is committed in consistently providing affordable, professional and comprehensive healthcare servicesto the local communities.
PMG Healthcare Group services can be accessed through its main website https://pmg2u.com/
About Ikhlas Capital
Ikhlas Capital is an ASEAN private equity fund manager headquartered in Singapore with a presence in Kuala Lumpur, Jakarta, and Manila. Founded by TS Nazir Razak and partners – Kenny Kim, Gita Wirjawan and Cesar Purisima – it has a total of more than 100 years of experience shaping ASEAN. Investors of the firm include above 50 ASEAN institutions and family offices. The focus of the firm is on growth, transformation and cross border value creation.
