Perennial Holdings inks agreement to open two hospitals in Guangzhou
According to Perennial Holdings, the two medical centers are going to feature a common medical facilities and services concept that will enable physicians and medical teams to operate on an asset-light basis, without needing to purchase clinical facilities and services. Rather, they are going to make use of facilities provided and supervised by Perennial Holdings.
The model, which was piloted at Perennial Holdings’ general hospital in Tianjin that commenced functions earlier on this year, delivers convenience and cost efficiency to doctors and clinical teams, the company includes.
Pua Seck Guan, executive chairman and CEO of Perennial Holdings, states: “The RMB1 billion investment lines up with our strategic focus on healthcare-centric HSR transit-oriented developments (TODs), that act as enablers of our healthcare business, and marks our maiden medical care business foray right into the Guangdong-Hong Kong-Macau Greater Bay Area.”
Both healthcare facilities in Guangzhou are expected to be finished in July 2026, forming the very first phase of the Perennial Baiyun International Healthcare City. Under the collaboration agreement in between Perennial Holdings and the Guangzhou Baiyun District Government, the healthcare city is set to span over 1.18 sq km at an estimated total investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is imagined to be a clinical and wellness precinct combining medical, wellness, research study, training, business and residential elements, claims the group.
Presently, the team has five healthcare-centric TODs that are connected to HSR stations, located in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, manages and handles 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 overall hospital and specialist hospital in Guangzhou and Southern China. The two medical facilities will have an overall arranged capacity of over 600 beds.
At The Same Time, Perennial Holdings is also readied to develop an integrated eldercare project in Guangzhou’s Huangpu District, which will include a rehab hospital, taking care of home and an eldercare home.
Perennial Holdings has actually authorized a contract with Guangzhou Metro Group to lease around 105,000 sq ft of space and invest around RMB1 billion ($ 178.9 million) to build 2 hospitals in Guangzhou.
The medical facilities are expected to develop Guangzhou as a “leading health tourism place”, drawing in high-net-worth buyers from the Asia Pacific area, thinks Pua.
