KUALA LUMPUR (July 28): Singapore-based Asian American Medical Group (AAMG) has teamed up with Golden Land Unitedhealth Group Company Ltd, a company under the Lat War Group, to tap healthcare opportunities in Myanmar.
 
Lat War is an established conglomerate in Myanmar and is involved in garments and textiles, paper manufacturing, power generation and real estate.
 
Lat War has a proven track record as well as extensive business networks in Myanmar, AAMG chairman and renowned liver surgeon Dr Tan Kai Chah said.
 
“Myanmar is a fast-growing nation with a young population which will require increasingly higher levels of healthcare,” he added in a statement today.
 
AAMG, which is listed on the Australian Securities Exchange, will take a 51% stake in the joint-venture Gold Bell Healthcare Ventures Company Ltd, with Golden Land holding the remaining 49%.
 
Both partners will evaluate and undertake potential projects and investments, leveraging on AAMG’s international connections and technical expertise, as well as Lat War’s business network and ability to secure relevant regulatory approvals within the country, AAMG said.
 
“While Lat War is new to healthcare, we are experienced in doing business in Myanmar,” Golden Land managing director Dr Khin Maung Aye said.
 
“Backed by the track record and international network of Dr Tan and his team, I am confident we will make rapid inroads into this exciting sector,” he said.
 
AAMG, which specializes in liver treatment and oncology, has been involved in Myanmar’s healthcare sector since 2014.