Shah Alam, 11 February 2022 – SELGATE Healthcare Sdn Bhd, the healthcare arm of SELGATE Corporation Sdn Bhd, has officially entered into a definitive agreement for a long-term strategic partnership with Jovian Pharma Sdn Bhd for the rebranding of Selcare Pharmacy and Jovian Pharma.
The merger will entail the establishment of Jovian Selcare Pharmacy which will own and operate a network of pharmacies, health services and product development as part of the exercise to accelerate growth in the pharmaceutical industry.
Representing SELGATE Healthcare were Executive Director Noor Hisham Mohd Ghouth and Chief Executive Officer (CEO), Dr Muaz Omar. Meanwhile, signing on behalf of Jovian Pharma was Dato’ Jovian Mandagie.
Speaking at the signing ceremony, Hisham said, “The joint venture signifies a historic milestone for SELGATE as part of its exercise to build capacity and capability in strengthening its financial footing via diversification of its operations and thus revenue streams.”
“SELGATE and Jovian know that to remain competitive in today’s environment, it is essential to take an approach designed to anticipate and successfully meet the requirements of a changing and challenging long-term care industry,” he said.
Hisham added that both companies bring into alignment a well-balanced long-term care operation that focuses on clinical science technology and enable Jovian Selcare Pharmacy to stay at the forefront of the consumer trends in the pharmaceutical industry, compelling better services and developing sustainable value for the industry.
Dr Muaz Omar said that Jovian Selcare Pharmacy combines talent, experience and resources with a growing organisation that is positioned to serve the needs of long-term care facilities throughout much of the country.
“This merger, hence, would be able to yield and materialise our collective objective in developing innovative product and services in a complete and tailored package with local touch,” Dr Muaz added.
Dato’ Jovian said Jovian Selcare Pharmacy aspire to be the company of choice in the community with the aim of providing holistic self-care customer experience through omnichannel concept.
“We are planning to expand to 20 new outlets nationwide by the end of 2022. Customers would be able to reap the strategic benefits in their visits to the nearest store. With e-commerce for pharmaceutical industry, geographical obstacles are no longer the accessibility,” he added.
With the robust portfolio of Selgate Healthcare in the industry and the extensive marketing knowledge of Dato’ Jovian Mandagie, the prime mover of Jovian Pharma, the joint venture will be bolstered with ideas to be executed in various geographies of Malaysia.
Both parties are of the view that they should embrace the emerging technologies that create connections with customers, making the customer experience more convenient. This would be in line with the customers’ expectations, regulatory changes and pressure to lower prescription prices.
Jovian Selcare Pharmacy is committed to offer a wide range of competitive-priced medicines and products including its home brand goods such as Covid-19 essentials, body essentials, vitamin and supplements, drugs and compounding products. It also offers services such as specialist consultation, rehab and physiotherapy center, Covid-19 and lab testing center and compounding pharmacy at the physical stores.