Mr. Narongrid Galaputh, CEO of Non-Hospital Group of Bangkok Dusit Medical Services Public Co Ltd (BDMS) and Managing Director of National Healthcare Systems Co Ltd (N Health), has announced that N Health, a medical service provider supporting hospital businesses based in Bangkok, has established a joint venture with two leading Myanmar organizations: Sea Lion Group, a loyal partner of BDMS and reputable leader in healthcare and various industries in the country, and Bahosi Hospital, a leading private institution. A budget of USD 2.5 m was split 60-20-20 respectively for the initial setup of the N Health medical laboratory center in Yangon, the commercial hub of Myanmar.
N Health Myanmar operates as a standalone laboratory center, independent from any hospital. It is also the first government-licensed private clinical laboratory to be developed from a joint venture investment with a major regional laboratory operator in Myanmar.
N Health Myanmar aims at supporting large hospitals for high-end genetic tests, allergy tests, as well as evaluations for tuberculosis, malaria, and dengue virus. Moreover, it intends to provide standard analytical services, including medical check-ups for small and medium-sized hospitals.
“This investment in Myanmar is a major step of N Health in accordance with our target set to expand more branches across the region after the Cambodian branch. After this, we have plans to expand N Health medical laboratory centers in other countries such as Indonesia and the Philippines. Our intentions are to reach more consumers and help them take preventive care of their health. Furthermore, we will continue to develop new products in order to keep up with a growing trend in healthcare,” said Mr. Narongrid Galaputh.
Sea Lion Group Managing Director Dr. Win Zaw Aung stated that this new joint venture will further diversify Sea Lion Group’s growing businesses in the Myanmar healthcare industry.
“We are ecstatic to extend our business collaboration with two longtime partners, N Health and Bahosi Hospital, to better serve our patients and the people of Myanmar with reliable laboratory services,” he commented.
N Health’s annual revenue of USD 90 million has increased year-over-year at 25% due to continued business expansion and increasing consumer demand. N Health expects to see a similar degree of growth this year; the Myanmar medical laboratory center will certainly help the company reach its targeted revenue.