Perennial Holdings inks agreement to open two hospitals in Guangzhou
The hospitals are anticipated to establish Guangzhou as a “top medical tourist spot”, drawing in high-net-worth buyers from the Asia Pacific area, believes Pua.
The model, that was piloted at Perennial Holdings’ general hospital in Tianjin that commenced functions earlier this year, provides ease and cost efficiency to doctors and medical teams, the company includes.
Currently, the team has 5 healthcare-centric TODs which are attached to HSR stops, situated in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, manages and handles over 25,000 beds in clinical and eldercare centers, consisting of 16,000 operational beds and 9,000 beds in the pipeline, all over China and Singapore.
Norwood Grand showflat location
Perennial Holdings has actually executed a contract with Guangzhou Metro Group to rent around 105,000 sq ft of space and invest around RMB1 billion ($ 178.9 million) to establish two hospitals in Guangzhou.
Pua Seck Guan, director chairman and chief executive officer of Perennial Holdings, states: “The RMB1 billion investment aligns with our calculated focus on healthcare-centric HSR transit-oriented developments (TODs), that work as enablers of our healthcare company, and notes our maiden healthcare business foray right into the Guangdong-Hong Kong-Macau Greater Bay Area.”
At The Same Time, Perennial Holdings is also set to develop an integrated eldercare venture in Guangzhou’s Huangpu District, which will feature a rehabilitation hospital, taking care of home and an eldercare home.
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 facilities will have an overall arranged capability of over 600 beds.
Both healthcare facilities in Guangzhou are projected to be finished in July 2026, forming the initial phase of the Perennial Baiyun International Healthcare City. Under the partnership agreement between Perennial Holdings and the Guangzhou Baiyun District Government, the healthcare city is set to span over 1.18 sq km at an approximated total investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is imagined to be a clinical and wellness precinct integrating health care, wellness, study, training, business and home elements, states the group.
According to Perennial Holdings, both hospitals are going to feature a shared medical facilities and services approach that will allow medical professionals and medical teams to operate an asset-light basis, without requiring to purchase clinical centers and services. Rather, they will use facilities provided and managed by Perennial Holdings.
