Fischer‍‌‍‍‌‍‌‍‍‌ Medical Ventures Unveils First Filipino Locally Gov-Funded MRI Facility; Shares Price Drop Almost 15%

Chennai/Visakhapatnam, November 11, 2025: Fischer Medical Ventures Ltd (NSE: FISCHER, BSE: 524743) announced that its step-down subsidiary, Time Medical Philippines Inc., has inaugurated the first locally government-funded MRI facility in the Province of Bulacan, Philippines.

The launch marks a major milestone in the company’s mission to expand access to advanced and affordable diagnostic care across the country. Despite the positive development, shares of Fischer Medical Ventures slipped by nearly 15% in Tuesday’s trade.

Bulacan Leads in Affordable Diagnostic Imaging

The newly opened MRI Center at the Bulacan Medical Center is the first LGU-funded venture of its kind by a local government unit. This program will ensure that top-class diagnostic services are delivered at very affordable prices to the masses, and one need not travel all the way to private or big-city hospitals to get essential scans.

Similarly, Governor Daniel Fernando stated, “I remember how people had to go all the way to distant places and spend so much more, just to get the necessary scans. Bulakenyos can now avail themselves of international standard diagnostic services without leaving both their homes and the province.”

Chairman and Managing Director of Fischer Medical Ventures Ltd, Ravindran Govindan, said, “It is good to be a partner with the Government of Bulacan in delivering competent yet affordable MRI tech. This undertaking is a clear indication of our pledge to give access to top-notch healthcare to everyone.”

Leveraging Advanced Technology to Improve the Patient Experience

The new centre features Time Medical’s PICA Open MRI, a next-generation system equipped with helium-free permanent magnet technology. Its open architecture design minimises patient discomfort, while significantly reducing operational costs.

Additionally, the system supports remote teleradiology, enabling radiologists to interpret scans electronically from any location, ensuring quick, high-quality diagnostic reporting and improved patient outcomes.

Stock Falls Despite Significant Milestone

Despite the positive development, the share price of Fischer Medical Ventures Ltd declined 14.85% below its previous close of ₹91.78 to trade at ₹78.15 at 2:13 pm IST. The scrip opened the day’s trade on a strong note at ₹93.62, but later slipped to an intraday low of ₹77.00 amid weak broader market sentiment.

Medical Ventures Ltd. is a major provider of medical imaging and diagnostic services that is committed to affordable technologies in healthcare. Its subsidiaries have been spreading their wings aggressively across Asian and other foreign markets, reshaping medical imaging and radiology with technology that facilitates access to health worldwide.

REF: https://nsearchives.nseindia.com/corporate/FISCHER_11112025111111_BulacanLeadstheWaywiththePhilippines.pdf

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