Perennial Holdings inks agreement to open two hospitals in Guangzhou
The hospitals are expected to establish Guangzhou as a “leading health tourism place”, attracting high-net-worth prospects from the Asia Pacific region, thinks Pua.
Pua Seck Guan, director chairman and CEO of Perennial Holdings, claims: “The RMB1 billion investment lines up with our calculated focus on healthcare-centric HSR transit-oriented developments (TODs), that act as enablers of our healthcare service, and notes our maiden healthcare business foray right into the Guangdong-Hong Kong-Macau Greater Bay Area.”
Currently, the group has five healthcare-centric TODs which are connected to HSR terminals, located in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, regulates and operates over 25,000 beds in clinical and eldercare facilities, consisting of 16,000 operational beds and 9,000 beds in the pipeline, throughout China and Singapore.
Situated in the Southeast Tower of Yuesheng Plaza, this will be the first wholly foreign-owned tertiary general hospital and specialist hospital in Guangzhou and Southern China. Both medical centers will have a total arranged capacity of over 600 beds.
The model, which was piloted at Perennial Holdings’ general hospital in Tianjin that began uses earlier this year, delivers comfort and cost efficiency to doctors and medical groups, the business adds.
Both medical facilities in Guangzhou are assumed to be finished in July 2026, forming the initial phase of the Perennial Baiyun International Healthcare City. Under the collaboration arrangement in between Perennial Holdings and the Guangzhou Baiyun District Government, the healthcare city is set to cross over 1.18 sq km at an approximated total investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is envisioned to be a medical and wellness precinct integrating clinical, wellness, research study, training, commercial and residential components, says the group.
According to Perennial Holdings, the two medical facilities are going to feature a shared medical facilities and services approach that will certainly permit doctors and medical groups to operate an asset-light basis, without requiring to invest in medical facilities and services. Rather, they are going to utilize facilities offered and regulated by Perennial Holdings.
At The Same Time, Perennial Holdings is also set to establish an integrated eldercare project in Guangzhou’s Huangpu District, which will certainly include a recovery hospital, nursing home and an eldercare home.
Perennial Holdings has authorized an agreement with Guangzhou Metro Group to lease roughly 105,000 sq ft of space and spend around RMB1 billion ($ 178.9 million) to start 2 hospitals in Guangzhou.
