KUALA LUMPUR: UEM Edgenta Bhd is buying UEMS Pte Ltd for RM563 million to strengthen its healthcare services operations.
UEMS is an established market leader, providing facilities management services to the healthcare sector.
It serves more than 60 public and private hospitals with 26,000 beds in Malaysia, Singapore and Taiwan.
UEM Edgenta yesterday said its wholly-owned Edgenta (Singapore) Pte Ltd had signed a sale and purchase agreement with Asia IFM Solutions Ltd for the proposed acquisition of Asia Integrated Facility Solutions Pte Ltd, which indirectly owns UEMS Pte Ltd.
“The acquisition of UEMS further entrenches UEM Edgenta’s presence in the healthcare services operations in Malaysia as well as in Singapore and Taiwan.
“In Malaysia, UEMS is the number one healthcare facilities management provider, servicing private healthcare and hospital segments such as Prince Court Medical Centre, Pantai Hospital Kuala Lumpur, Gleneagles Penang and Assunta Hospital.”
UEMS, it added, is also the leader in the hospital facilities management segment for public and private hospitals in Taiwan, servicing among others Saint Paul’s Hospital, National Taiwan University Hospital, Pingtung Christian Hospital and Yuan’s General Hospital.
“It holds the number two position for the same segment in Singapore for the provision of housekeeping and patient management services where their clients include Changi General Hospital, St. Luke’s Hospital, Tan Tock Seng Hospital as well as Sengkang Health @ Alexandra Hospital,” it said.
UEM Edgenta managing director and chief executive officer Azmir Merican said the proposed acquisition will allow UEM Edgenta to gain a leading position in Malaysia’s private healthcare sector.
“UEMS’s businesses complement the core services of UEM Edgenta and the proposed acquisition provides an opportunity for both parties to leverage on each other’s core strength and services to create stronger customer networks.
“UEM Edgenta has an expansive service offering that includes biomedical engineering services, healthcare waste management, energy management services, linen and laundry services which we will be able to add into UEMS, resulting in a wider scope of complementary services being offered to existing and new clientele in both prevailing and new geographies,” said Azmir.
The company said the proposed acquisition is expected to be completed in the fourth quarter of this year.