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article 2.9.4-Singapore’s Perennial the first foreign company to wholly own tertiary hospital in China
In September, China announced that fully foreign-owned hospitals will be allowed to operate in several key cities, including Beijing and Tianjin.
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Singapore-based Perennial said on Monday (Dec 16) that its Perennial General Hospital, a 500-bed tertiary multi-disciplined hospital, has successfully passed an inspection by Tianjin city’s Municipal Health Commission and will be commencing operations soon.
“We are excited to develop, own and operate China’s first wholly foreign-owned private tertiary general hospital, Perennial General Hospital Tianjin, following China’s recent move to open up its healthcare sector,” said Perennial CEO and executive chairman Pua Seck Guan.
Perennial's key shareholders include Mr Kuok Khoon Hong of agribusiness group Wilmar and Mr Ron Sim, the founder of Osim International.
Located in Xiqing District, Perennial General Hospital was developed and equipped at a total investment cost of 1 billion yuan (US$137 million).
“The Singapore-modelled Shared Medical Platform also suppo
rts them to expand and scale alongside us with minimal capital investments.”
The hospital also has its own team of medical specialists
in a variety of disciplines including orthopedics, ophthalm
ology, otolaryngology, nephrology and immunology, cardiolog
y, oncology and other fields.
The hospital is part of an integrated medical hub called the Per
ennial Tianjin South High-Speed Railway (HSR) International He
althcare and Business City (PIHBC Tianjin), which is a
djacent to the Tianjin South HSR Station.
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Sub - Description of NL
PIHBC Tianjin is a development that that integrates eldercare, medical care and hospitality around the China’s HSR system, providing care to the community within the Xiqing District and the wider Beijing-Tianjin-Hebei region via the adjacent Tianjin South HSR Station’s subway and HSR network.
