KUALA LUMPUR: Agape ATP Corporation has signed collaboration agreements with two small and medium enterprises (SMEs) to venture into the pain management market and the elderly care solutions market.
In a statement, the Nasdaq-listed company said these initiatives are part of its proactive efforts to incubate and build a comprehensive wellness ecosystem that delivers innovative health solutions and enhances the quality of life for communities.
Founder and global group chief executive officer Datuk Seri Dr. How Kok Choong said the collaboration projects with both SMEs complement each other by providing a holistic approach to wellness.
He said the collaboration project with Sweet Home Senior Living Care Centre Sdn Bhd focuses on elderly care, ensuring physical and emotional well-being for seniors.
Agape ATP said the collaboration project aims to provide comprehensive and compassionate care for seniors, and it plans to expand up to 10 facilities by the first half of 2026.
As of July 2024, there are three Sweet Home Senior Living Care Centres in Klang Valley, with each housing an average of 14 seniors.
Meanwhile, Cedar Wellness Sdn Bhd, now named Cedar ATPC Sdn Bhd, offers wellness solutions, including traditional Chinese medicine (TCM) therapies, to enhance overall health.
He noted that these collaborations will provide integrated care that caters to diverse health needs, forming a cohesive wellness ecosystem.
Through the collaboration, the Cedar Wellness founder and management team will join Cedar ATPC as executive officers to lead the pain management solution business to address the increasing need for alternative health solutions and support professional development in the wellness industry.
"Our collaborations with Sweet Home and Cedar Wellness mark a significant step in our wellness initiatives.
"We are not only expanding our footprint in the health sector but also enhancing the quality of care and wellness services.
"These partnerships align with our mission to drive sustainable living and create a healthier future for our communities," he added.