S P Setia ventures into healthcare

SHAH ALAM: S P Setia Bhd through its subsidiary Setia HC Ventures Sdn Bhd, has signed an agreement with Qualitas Medical Group Sdn Bhd intending to develop and operate an ambulatory care centre (ACC) in Setia Alam, Shah Alam.

This is the first venture by the group into healthcare, which is a growing business, given the market trend,” president and CEO Datuk Choong Kai Wai said in a statement.

“ACCs are outpatient centres providing a range of comprehensive specialist and surgical services including wellness, diagnosis, treatment and rehabilitation. They act as a bridge between full-fledged medical centres and general practice clinics,” he added.

S P Setia has identified the first ACC to be established at Setia City Residences in Setia Alam, taking cognisance of such developments.

Setia City Residences is a three-tower integrated mixed-development that offers residential and commercial components. It is also connected via a link bridge to Setia City Mall.

“The group has been exploring new businesses that will complement the group’s strength to vary its income, and ACC, which requires relatively small capital investment, is one such potential identified. Accelerated by the recent pandemic, healthcare services have a strong prospect for now and the future,” Choong said.

Meanwhile, Qualitas founder, director and executive chairman Datuk Dr Noorul Ameen Mohamed Ishack said Qualitas was honoured to be identified by S P Setia as its first partner in its healthcare foray.

“The location of the ACC is strategic, and we foresee that this collaboration will strengthen Qualitas’ offerings in the various areas we are present in currently and beyond.

“Qualitas’ expertise in operating and managing outpatient centres and S P Setia’s experience in successful townships will form a strong and fruitful partnership for such ventures,” he said.

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