Perennial Holdings inks agreement to open two hospitals in Guangzhou
The hospitals are expected to establish Guangzhou as a “leading health tourism location”, drawing in high-net-worth prospects from the Asia Pacific region, assumes Pua.
On The Other Hand, Perennial Holdings is also readied to create an integrated eldercare venture in Guangzhou’s Huangpu District, that will include a rehab hospital, nursing home and an eldercare home.
The model, that was piloted at Perennial Holdings’ general hospital in Tianjin that commenced operations earlier this year, delivers ease and cost efficiency to doctors and clinical teams, the company includes.
According to Perennial Holdings, the two hospitals will present a common medical facilities and services concept that will certainly enable doctors and medical teams to operate an asset-light basis, without needing to invest in medical facilities and services. Rather, they are going to utilize centers provided and regulated by Perennial Holdings.
Perennial Holdings has actually signed an agreement with Guangzhou Metro Group to lease approximately 105,000 sq ft of space and invest around RMB1 billion ($ 178.9 million) to build two healthcare facilities in Guangzhou.
Situated in the Southeast Tower of Yuesheng Plaza, this will be the first completely foreign-owned tertiary general hospital and specialist hospital in Guangzhou and Southern China. The two medical centers will have a total planned capability of over 600 beds.
Currently, the group has 5 healthcare-centric TODs which are connected to HSR terminals, situated in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, manages and runs over 25,000 beds in medical and eldercare facilities, consisting of 16,000 operational beds and 9,000 beds in the pipeline, all over China and Singapore.
Pua Seck Guan, director 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), which act as enablers of our healthcare business, and marks our maiden healthcare business foray into the Guangdong-Hong Kong-Macau Greater Bay Location.”
Both medical facilities in Guangzhou are assumed to be carried out in July 2026, forming the first 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 readied to span over 1.18 sq km at an estimated complete investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is pictured to be a clinical and wellness precinct integrating medical, wellness, research, training, business and household components, claims the group.
