Perennial Holdings inks agreement to open two hospitals in Guangzhou
Perennial Holdings has authorized a contract with Guangzhou Metro Group to lease roughly 105,000 sq ft of space and invest around RMB1 billion ($ 178.9 million) to establish two hospitals in Guangzhou.
The medical facilities are anticipated to develop Guangzhou as a “top health tourism location”, drawing in high-net-worth clients from the Asia Pacific region, thinks Pua.
Located 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 intended capacity of over 600 beds.
According to Perennial Holdings, both medical facilities are going to offer a shared medical centers and services concept that will certainly allow medical professionals and medical groups to operate on an asset-light basis, without needing to purchase medical centers and services. Rather, they will make use of facilities offered and supervised by Perennial Holdings.
Presently, the team has 5 healthcare-centric TODs which are connected to HSR stations, situated in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, manages and operates 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.
Pua Seck Guan, executive chairman and CEO of Perennial Holdings, claims: “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.”
The model, that was piloted at Perennial Holdings’ general hospital in Tianjin that started uses earlier this year, provides ease and cost competency to doctors and medical teams, the company includes.
Both healthcare facilities in Guangzhou are anticipated to be carried out in July 2026, forming the initial 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 connect 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 medical and wellness precinct integrating medical, wellness, research study, training, commercial and household parts, claims the group.
Meanwhile, Perennial Holdings is also set to create an integrated eldercare venture in Guangzhou’s Huangpu District, which will certainly include a rehabilitation hospital, taking care of home and an eldercare home.
