Mawar Medical Centre (MMC) in Seremban, Negri Sembilan has achieved a major breakthrough in the 2025 fiscal year (FY25) with a net profit of RM4.34mil, marking another year of stable financial progress. According to chairman Datuk Seri Lee Tian Hock, since its reopening in September 2019, MMC has surged forward like a high-speed train. Matrix Concepts Holdings Bhd owns and manages MMC, through its subsidiary Matrix Medicare Sdn Bhd (MMSB). In 2019, the property developer took over the operational management of the ailing medical centre and has since successfully turned it around.Speaking at MMC’s annual general meeting on Saturday, Lee said “from restructuring the organisation and innovating marketing strategies, to achieving financial balance and turning losses into profits, we have now achieved a major breakthrough in the 2025 fiscal year”. MMC’s revenue has increased to RM80.7mil in FY25, up 11.8% from RM72.2mil in FY24. Average monthly revenue rose from RM6mil to RM6.7mil, reflecting an expanding patient base and improved service offerings. Lee noted that gross profit grew slightly by 1.7%, reaching RM35.2mil (up from RM34.6mil in FY24), with a monthly average of RM2.93mil. “However, our gross profit margin decreased from 47.9% to 43.6%, highlighting increasing operational costs while sustaining market competitiveness,” he added. Excluding management fees to MMSB, MMC operating profit stood at RM12.6mil, a 9.4% decline from RM13.9mil in FY24. “Despite this, MMC demonstrated prudent financial stewardship, reducing the outstanding balance owed to MMSB from RM22mil to RM12.7mil,” said Lee, who is also Matrix Concepts founder and group executive deputy chairman. Bed capacity has expanded from 57 beds in FY23 to 77 beds in FY24, and to 97 beds in FY25, with an average of 84 operational beds. Although revenue per bed fell from RM1.1mil to RM1mil, he said MMC’s operations remained resilient amid infrastructure scaling. “Since receiving our operating licence in 2019, we have grown from 28 beds and two operating theatres to a multidisciplinary specialist hospital with 97 beds, 25 Resident Consultants and 41 Visiting Consultants – affirming our status as a trusted healthcare provider in Negri Sembilan,” explained Lee. MMC’s outpatient services have expanded from 15 to 18 specialist clinics, with new disciplines including medical oncology, neurology, gastroenterology & hepatology, paediatric dermatology, and cardiac electrophysiology. He noted, “We invested RM9.4mil in infrastructure upgrades and advanced medical equipment, reinforcing our long-term sustainability and commitment to quality care.”
In FY25, MMC introduced several national and regional firsts: Intravascular Ultrasound (IVUS) and Intravascular Lithotripsy (IVL) for advanced cardiac diagnostics and treatment, upgrade to the GE Allia IGS 530 Angiography System, enhancing interventional cardiology accuracy.
Looking ahead, Lee said the hospital plans to add 12 new inpatient beds in the 2026 fiscal year, bringing the total number of inpatient beds to 109.
In addition, MMC will introduce 16 new daycare beds, a Hybrid Operating Theatre, third Operating Theatre, and 13 new specialist clinics as well as the launch of a dedicated Health Screening Centre.
“These initiatives reflect our growing emphasis on early detection, preventive wellness, and comprehensive patient-centric care,” he noted.
Lee also said “at MMC, growth is not measured merely by size, but by the value we create for our patients, employees, and the wider community.
“We are evolving into a healthcare ecosystem that makes a lasting impact at every level of society.”