Perennial Holdings has signed an agreement with Guangzhou Metro to establish the first wholly foreign-owned tertiary general hospital in Guangzhou and Southern China. The Singapore-based company will lease approximately 105,000 square metres of space and invest around RMB1 billion to develop the hospital and a specialist facility at the Southeast Tower of Yuesheng Plaza, adjacent to the Baiyun High-Speed Railway station. The two hospitals will have a combined capacity of over 600 beds.
The project will implement a Shared Medical Platform, modelled after a successful system in Perennial’s Tianjin hospital, allowing doctors to focus on consultations and treatments without investing in infrastructure. This platform includes advanced operating theatres and diagnostic equipment, enhancing cost efficiency and scalability for medical practitioners.
Construction is set to begin in July 2025, with completion expected within a year. This development marks the first phase of the Perennial Baiyun International Healthcare City, a 118-square-kilometre precinct envisioned to integrate medical, wellness, research, and residential components. The total investment for the healthcare city is estimated at RMB5 billion.
Executive Chairman and CEO of Perennial Holdings, Pua Seck Guan, highlighted the strategic location of the hospitals in Guangzhou’s city centre, providing access to a population of over 100 million in the Greater Bay Area. He noted, “Our asset-light Shared Medical Platform for doctors and medical groups, coupled with Guangzhou’s international aviation hub status, facilitates global partnerships with renowned overseas doctors and medical groups.”
Perennial Holdings is also developing an eldercare project in Guangzhou’s Huangpu District, further expanding its healthcare footprint in China.
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