Tuesday, 07 December 2021


MediCap crowdfunding to develop the Malaysian medical technology ecosystem

30 August 2021 | News

MediCap has amassed RM1,025,000 in equity crowdfunding by achieving over 50% of the RM2,000,000 equity crowdfunding goal to expand 5-in-1 Health Hubs and integrating treatment methods into a unified medical hub

Photo Credit: PRNewasia

Photo Credit: PRNewasia

MediCap Sdn Bhd has amassed RM1,025,000 in equity crowdfunding, over 50% of the minimum goal of RM2,000,000 through MyStartr, Malaysia's leading equity crowdfunding platform approved by the Malaysia Security Commission, in a bid to revolutionise the modern integrated healthcare landscape in Malaysia.

The funds will be channeled into three areas: health hub expansion, raising public awareness and developing partnerships with renowned industry players. For the expansion of its two major projects, the 5-in-1 health hub in PuchongSelangor requires an estimated amount of RM3,000,000 to RM4,000,000 to set up, and the medium-scale private medical centre in Kota Bahru, Kelantan, calls for a projected RM5,000,000 to RM7,000,000 investment. Part of the expansion includes technology acquisitions from key manufacturers to provide state-of-the-art facilities.

MediCap will also focus on raising public awareness of the company's development, healthcare advancements, medical specialties and wellness offerings to educate consumers on available and accessible treatment options for medical conditions prevalent amongst Malaysians. The company will also be working to establish collaborative partners for future expansion into the medical tourism sector at which Malaysia has seen a growth of 322% between 2011 and 2019. 

Integrated medical complexes

With a steady growth of over 160% seen from January to March 2021 as compared to quarter one of 2020, the all-inclusive medical hub is looking to achieve an end goal of RM10,000,000. The crowdfunded equity will be utilised to further establish integrated medical complexes and wellness resorts to:

  • increase accessibility to a comprehensive medical technology ecosystem
  • provide non-invasive treatment plans
  • advance medical technology in the Malaysian healthcare system

"Our ongoing work – in local markets and at the international level – with our physicians and well-experienced management team will include expanded communication, involvement in strategic planning and education about the changing environment. This approach does not just help us engage these key stakeholders but is essential in transforming each of our healthcare institutions into the next phase," says Lim Chin Hau, Founder and Executive Director of MediCap Sdn Bhd.

The company has flourished into one of Malaysia's major health institutions, with its hand in the disciplines of general practice, dental clinics, dialysis, wellness and skin rejuvenation centres.

 

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