Healthcare It
Total Page:16
File Type:pdf, Size:1020Kb
TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 1 Racing ahead with HEALTHCARE IT What we do with technology today will transform the healthcare of tomorrow... ANNUAL REPORT 2016 TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 2 To be the premier provider of outstanding value-based medical services in South East Asia To provide exceptional medical services and compassionate care to our patients and patrons through continuous effort, dedication, commitment and the application of world class standards in all of our endeavours TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 1 02 Corporate Information 03 Corporate Structure 04 Corporate Profile 06 Chairman’s Statement 10 Corporate Social Responsibility 13 Directors’ Profile 18 Profile of Key Senior Management Team 19 Corporate Directory 20 Statement on Corporate Governance 31 Audit and Risk Management Committee Report 34 Statement on Risk Management and Internal Control 37 Other Corporate Disclosure 39 Financial Statements 108 List of Properties 109 Analysis of Shareholdings 112 Analysis of Warrant Holdings 115 Notice to Shareholders 120 Appendix A Proxy Form * Artist impression : illustration of Thomson Iskandar medical hub TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 2 ANNUAL REPORT 2016 TMC LIFE SCIENCES BERHAD (624409-A) CORPORATE INFORMATION Professor Emeritus Dato’ Dr. Audit and Risk Management Share Registrar Khalid Bin Abdul Kadir Committee Non-Independent Tricor Investor & Issuing House Non-Executive Chairman Chairman : Gary Ho Kuat Foong Services Sdn Bhd Members : Dato’ Dr. Tan Kee Unit 32-01, Level 32 Roy Quek Hong Sheng Kwong Tower A, Vertical Business Suite Executive Director and Claire Lee Suk Leng Avenue 3, Bangsar South Group Chief Executive Officer Freddie Heng Kim No.8, Jalan Kerinchi Chuan 59200 Kuala Lumpur Dr. Chan Boon Kheng Tel: 603-2783 9299 Non-Independent Nominating Committee Fax: 603-2783 9222 Non-Executive Director Chairman : Gary Ho Kuat Foong Registered Office Dato’ Dr. Tan Kee Kwong Members : Dato’ Dr. Tan Kee Independent Kwong 802, 8th Floor, Block C, Non-Executive Director Claire Lee Suk Leng Kelana Square, 17 Jalan SS7/26 Kan Kheong Ng 47301 Petaling Jaya Gary Ho Kuat Foong Freddie Heng Kim Selangor Darul Ehsan Independent Chuan Tel: 603-7803 1126 Non-Executive Director Fax: 603-7806 1387 Remuneration Committee Claire Lee Suk Leng Head Office Independent Chairperson : Claire Lee Suk Leng Non-Executive Director Members : Dato’ Dr. Tan Kee C-13-09 Sunway Nexis Kwong No.1, Jalan PJU 5/1 Kan Kheong Ng Gary Ho Kuat Foong Dataran Sunway Non-Independent Kan Kheong Ng Kota Damansara Non-Executive Director Freddie Heng Kim 47810 Petaling Jaya Chuan Selangor Darul Ehsan Freddie Heng Kim Chuan Tel: 603-6287 1111 Non-Independent Company Secretaries Fax: 603-6287 1212 Non-Executive Director Seow Fei San (MAICSA 7009732) Stock Exchange Listing Mok Mee Kee (MAICSA 7029343) Main Market of Bursa Malaysia Auditors Stock code :0101 BDO (AF0206) Website Chartered Accountants www.tmclife.com Level 8, BDO @ Menara CenTARa 360 Jalan Tuanku Abdul Rahman 50100 Kuala Lumpur Tel: 603-2616 2888 Fax: 603-2616 2970 2 TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 3 TMC LIFE SCIENCES BERHAD (624409-A) ANNUAL REPORT 2016 CORPORATE STRUCTURE AS AT 31 AUGUST 2016 3 TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 4 ANNUAL REPORT 2016 TMC LIFE SCIENCES BERHAD (624409-A) CORPORATE PROFILE TMC Life Sciences Berhad TMC Life Sciences Berhad (TMCLS) is one of the fastest growing healthcare groups in Malaysia. It has been listed on the Main Market of Bursa Malaysia Securities Berhad since 2005. TMCLS has embarked on a major expansion programme, with significant additional capacity and capabilities projected to come on stream by 2020. The plans include expanding its flagship hospital, Tropicana Medical Centre to a 600-bed hospital with additional critical care units, operating theatres and specialist centres. A new integrated medical hub – Thomson Iskandar – will be developed in the proposed Vantage Bay Healthcare City in bustling Johor Bahru. Located just off the Causeway linking Johor and Singapore, Thomson Iskandar will house a 500-bed tertiary hospital, specialist medical suites and related health and wellness facilities. Tropicana Medical Centre The 200-bedded medical centre was served by a panel Dedicated to Healing, Committed to Care of over 100 Consultant Specialists – highly trained with commendable track record in their represented medical TMCLS’s flagship hospital, Tropicana Medical Centre, and surgical disciplines. The core disciplines of the Kota Damansara (TMCKD) is located in the golden hospital include Fertility & Reproductive Health; triangle of Petaling Jaya. It is a multi-disciplinary Diabetic & Kidney Care; ENT, Head & Neck Laser tertiary care centre equipped with advanced medical Surgery; Orthopaedic, Spine & Sports Injury, Heart & technology and modern infrastructure to deliver Lung Care; Gastroenterology & Liver Care; General, quality, affordable healthcare solutions and a superior Cancer & Minimally-invasive Surgery; Hand & service experience for our local, regional and Microsurgery; Aesthetic & Plastic Reconstructive; international patients. TMCKD handles over 18,000 Ophthalmological, as well as the full range of Woman & admissions a year. Paediatric services. The medical/surgical specialties and • Hand & Microsurgery • Paediatric – Orthopaedic sub-specialties available at TMCKD: • Hepatology • Paediatric – Surgery • Anaesthesiology • Internal Medicine • Paediatric – Urology • Breast & Endocrine Surgery • Nephrology • Plastic & Reconstructive • Cancer Surgery • Neurology Surgery • Cardiology • Neurosurgery • Psychiatry • Cardiology – Electrophysiology • Obstetrics & Gynaecology • Psychiatry – Child & • Cardiology - Interventional • Ophthalmology Adolescent • Colorectal Surgery • Orthopaedic • Radiology & Interventional • Dermatology • Orthopaedic – Arthroplasty Radiology • ENT, Head & Neck Laser • Orthopaedic – Foot & Ankle • Respiratory Medicine Surgery • Orthopaedic – Spine • Upper Gastrointestinal • Endocrinology • Orthopaedic – Sports Injuries Surgery • Fertility • Orthopaedic – Surgery • Urology (Reproductive Medicine) • Paediatric • Vascular & Endovascular • Gastroenterology • Paediatric – Cardiology Surgery • General & Minimally-invasive • Paediatric – Neonatology Surgery • Paediatric – Neurology Recently, TMCKD has recently launched its new Specialised Centre – Orthopaedic and Trauma Centre in August 2016, in addition to its existing specialised centres, ENT Head & Neck Laser Surgery Centre, Women & Children Centre and Diabetic & Metabolic Centre to name a few. TMCKD’s panel of Orthopaedic Specialists are capable of treating patients with wide ranging conditions from neck, spine, hip, knee to foot for both adults and children. 4 TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 5 TMC LIFE SCIENCES BERHAD (624409-A) ANNUAL REPORT 2016 CORPORATE PROFILE Over the years, TMCKD has successfully established Platinum Hospital of AIA Berhad and the preferred relationships with leading insurance companies - in both hospital of PruBSN Takaful Berhad since 2014. With our domestic and international arenas - to offer greater commitment and dedication, TMCKD is also one of the convenience and value-added services to our patients. trusted partners for many corporate companies, serving In January 2016, TMCKD has been selected as the the healthcare needs of their employees. TMC Fertility Centre “From Hope to Joy” TMC Fertility Centre Since its inception, TMCFC has successfully helped couples to conceive close to 4,000 babies through From Hope to Joy various assisted reproductive techniques, performed over 6,000 IVF procedures and the Centre enjoys an IVF TMC Fertility Centre (TMCFC) was established in clinical pregnancy success rate of averagely 60%. This January 1994 at Damansara Utama, Selangor. With the commendable success rate, which is comparable to main facility now located within TMCKD, TMC Fertility some of the most renowned fertility centres in the Centre has branches located in Johor Baru, Penang, world, has contributed to its achievement of being Puchong, Kepong and Ipoh (upcoming). This enables honoured by the Malaysia Book of Records for the more couples, in the country and in the region, who “Highest Number of IVF Babies Produced by a Single need fertility treatment to benefit from the world-class IVF Practice” at TMC Fertility Centre, Kota Damansara - fertility treatment and technologies offered at TMC 3,210 IVF births since its inception till 28 February Fertility Centre. 2013. TMC Fertility Centre offers a complete range of Recently, TMCFC was named the “Best Fertility Centre technologically-advanced fertility treatments, led by an 2016” by Frost & Sullivan Malaysia; “Fertility Service experienced and dedicated team of fertility specialists, Provider of the Year 2016” by Global Health & Travel embryologists, Pre-implantation Genetic Diagnosis and; “International Fertility Clinic of The Year 2016” by (PGD) scientists and specialised nurses. International Medical Travel Journal, making it a multi award-winning and internationally renowned Centre of Excellence. 5 TMC inner.qxp_Layout 1 12/19/16 11:32 AM Page 6 ANNUAL REPORT 2016 TMC LIFE SCIENCES BERHAD (624409-A) CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the Board of Directors, it is my pleasure to present the Annual Report of TMC Life Sciences Berhad for the financial period ended 31 August 2016. The financial period ended 31 August 2016 for TMC Life Sciences Berhad marked another year of strong financial