Kuala lumpur: KL Wellness City (KLWC) and OCBC Bank (Malaysia) Bhd have formalised a strategic partnership through the signing of a memorandum of understanding (MoU) aimed at advancing integrated healthcare, wellness, lifestyle, protection, and financial service initiatives.
According to BERNAMA News Agency, the MoU was signed by KLWC Managing Director Datuk Dr Colin Lee and OCBC Chief Executive Officer Tan Chor Sen, reflecting a shared commitment to fostering innovation and cross-sector collaboration within Malaysia's healthcare ecosystem. A key component of the collaboration is the introduction of OCBC's Medipreneur Programme, a specially curated three-in-one financial, leasing, and protection solution designed for healthcare professionals, including purchasers of Medical Suites at The Nobel Healthcare Park within KLWC.
The partnership will enable doctors who intend to purchase, own, or lease medical suites and establish their own clinics within KLWC to benefit from specially curated financing, leasing, and protection packages offered through the collaboration between KLWC and the OCBC group of companies. Lee stated that the partnership strengthens KLWC's ecosystem-driven approach by integrating financial enablement into healthcare development.
Under the programme, OCBC will provide healthcare professionals with business financing and working capital solutions featuring zero collateral requirements, financing of up to RM300,000, a financing margin up to 100 percent, approval within 48 hours, and financing tenures of up to three years. Its subsidiary, PAC Lease, will offer financing for medical equipment acquisition, renovation, and fit-out requirements of up to RM600,000 without collateral requirements. Additional business solutions include lower initial deposits for business accounts, e-invoicing solutions, and an application programming interface (API).
Meanwhile, Great Eastern will provide insurance solutions covering business operations and medical practitioner malpractice protection, including a 10 percent rebate on malpractice insurance premiums. Healthcare professionals will also benefit from an exclusive incorporation package for business set-up, including complimentary one-to-one consultation sessions and promotional support packages.
Under the MoU, both parties will also collaborate on joint engagement initiatives, including curated events, knowledge-sharing sessions, and networking platforms for medical professionals. OCBC will participate in selected programmes through its support team stationed at the KL Wellness City Gallery, providing product briefings and financial advisory sessions.
Meanwhile, Tan said the collaboration aligns with OCBC's commitment to supporting healthcare professionals through holistic financial solutions and ecosystem partnerships. He noted that Malaysia's healthcare sector is expected to continue expanding, driven by demographic changes, rising healthcare awareness, and sustained public and private sector investments. Tan described the collaboration with KLWC as the first strategic partnership under the OCBC Medipreneur Programme and a foundation for future partnerships within the healthcare sector.
KLWC, located in Bukit Jalil, is Southeast Asia's first purpose-built integrated wellness township spanning 26.5 acres. The development is anchored by KL International Hospital, a planned tertiary private hospital with approximately 1,000 beds and advanced smart hospital features, alongside The Nobel Healthcare Park, which houses medical, wellness, commercial, business, and retail suites that are scheduled for vacant possession this July.