Perennial Holdings inks agreement to open two hospitals in Guangzhou
Perennial Holdings has authorized an agreement with Guangzhou Metro Group to rent around 105,000 sq ft of space and spend around RMB1 billion ($ 178.9 million) to launch 2 hospitals in Guangzhou.
Pua Seck Guan, executive chairman and chief executive officer of Perennial Holdings, says: “The RMB1 billion investment aligns with our tactical focus on healthcare-centric HSR transit-oriented developments (TODs), which serve as enablers of our healthcare organization, and notes our primary health care business foray right into the Guangdong-Hong Kong-Macau Greater Bay Location.”
The model, which was piloted at Perennial Holdings’ general hospital in Tianjin that began uses earlier on this year, provides ease and cost efficiency to doctors and clinical teams, the business adds.
The hospitals are anticipated to develop Guangzhou as a “top health tourism destination”, attracting high-net-worth clients from the Asia Pacific region, thinks Pua.
At The Same Time, Perennial Holdings is also set to create an integrated eldercare project in Guangzhou’s Huangpu District, which will certainly feature a recovery hospital, nursing home and an eldercare home.
According to Perennial Holdings, both healthcare facilities are going to feature a common medical facilities and services concept that will permit doctors and medical teams to operate on an asset-light basis, without needing to purchase clinical facilities and services. Instead, they will use facilities provided and managed by Perennial Holdings.
Both medical facilities in Guangzhou are assumed to be completed in July 2026, forming the initial phase of the Perennial Baiyun International Healthcare City. Under the partnership arrangement in between Perennial Holdings and the Guangzhou Baiyun District Government, the healthcare city is readied to cross over 1.18 sq kilometres at an estimated complete investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is envisioned to be a medical and wellness precinct combining clinical, wellness, research study, training, business and residential components, claims the group.
Found 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. Both medical facilities will have a total planned capacity of over 600 beds.
Currently, the team has five healthcare-centric TODs that are linked to HSR stops, situated in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, handles and runs over 25,000 beds in medical and eldercare facilities, including 16,000 operational beds and 9,000 beds in the pipeline, across China and Singapore.
