KUALA LUMPUR, LAC Med Bhd has entered into an underwriting agreement with RHB Investment Bank Bhd and Alliance Islamic Bank Bhd for its upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia, which is targeted for December 2025.
In a statement, the medical solutions provider said the IPO proceeds will be used to accelerate its market expansion, strengthen its product portfolio, and enhance its range of medical devices and services.
LAC Med also plans to diversify into two new business segments — Equipment-as-a-Service (EaaS) and Medical Equipment Asset Management Services (MEAMS) — to build recurring income streams post-listing.
Part of the IPO funds will be channelled towards regional expansion in Indonesia, relocation to a larger head office with expanded storage space, and the establishment of a product demonstration showroom.
Group chief executive officer Liew Yoon Poh said the IPO marks an important milestone for LAC Med’s next phase of growth.
“Our listing will enable us to expand our suite of integrated medical solutions, driving better patient care and operational efficiency for healthcare providers. Through our partnerships with global brands, we aim to deliver best-in-class technologies and services to the market,” he said.
