Mexter's unit partners UM to provide fertility services

KUALA LUMPUR, Oct 1 (Bernama) -- Mexter Technology Bhd’s wholly-owned subsidiary, LYC Medicare Sdn Bhd (LYCM), has entered into a five-year service and collaboration agreement with UM’s medical unit, the University of Malaya Medical Centre (UMCC) to establish the LYC Fertility Centre.

Mexter said under the agreement, LYCM would act as a service provider of value-added non-clinical functions for patients of the LYC Fertility Centre, while UMMC would extend medical-related services.

The LYC Fertility Centre will cater for high-end fertility patients and promote medical tourism for international patients, it said in a filing with Bursa Malaysia today, .

“The agreement is in line with the company’s current business direction and strategy to increase revenue and profits contribution from the healthcare services business segment,” it said.

Mexter said the contract came with a five-year extension option, subject to fulfilment of certain performance-based requirements.

-- BERNAMA