Hong Seng and Pow Pocket Are Collaborating to Deliver Digitised Healthcare Services

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Hong Seng Consolidated Bhd and Pow Pocket Sdn Bhd have entered into an agreement to collaborate on the digitization of healthcare services via their respective e-commerce platforms.

Hong Seng stated in a bourse filing that the two parties are looking to collaborate on the integration of business development efforts focused on health services and the digitalization of these services.

The services include vaccine sales and administration, Covid-19 testing, consumables and value-added services sales to general practitioners and clinics, and medical screening through participating private laboratories.

Hong Seng stated that the collaboration agreement was signed by its subsidiary eMedAsia Sdn Bhd, which is a 52% subsidiary of HS Bio (a wholly-owned subsidiary of Hong Seng), in collaboration with Koperasi Persatuan Perubatan Malaysia (KOOP MMA).

KOOP MMA is an investment vehicle established by members of the Malaysian Medical Association (MMA).

eMedAsia currently operates a digital healthcare platform with the domain name www.emedasia.com that includes an online clinic appointment system; an e-commerce marketplace for clinics to purchase pharmaceutical, medical, and healthcare supplies; and a marketplace for suppliers and pharmaceutical companies to list their medical and healthcare products for clinics to search for and purchase, as well as an e-payment gateway system.

In Malaysia, about 2,200 member clinics have registered with eMedAsia’s digital healthcare platform.

Under the terms of the collaboration agreement, eMedAsia is responsible for establishing connectivity with the MMA membership base of general practitioners and clinics via software and/or relationships, and where applicable, eMedAsia will facilitate the integration of IT platforms for the mutual benefit of the parties.

Pow Pocket is responsible for the provision of the suite of platforms and services that it has developed, as well as logistical services that facilitate the sale and delivery of vaccines and other products and services, as well as business development and new revenue generation across business verticals.

Pow Pocket currently operates Jengu, a web-based digital health engine focused on Covid-19 screening, immunisation, and digital health. Additionally, it operates the ImmuPlan portal, an unique digital platform for public and private vaccination rollout in Johor, under the auspices of the Johor Biotechnology & Biodiversity Corporation (JBiotech).

Pow Pocket is also a partner in Neogenix Sdn Bhd, which offers an online platform for inbound travellers to Johor to register and undergo health checks.

Hong Seng’s share price closed at RM2.24 on Wednesday, up 15 sen or 7.18 percent, for a market value of RM5.72 billion.

Published by Zack Baharum

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