Perennial Holdings inks agreement to open two hospitals in Guangzhou
According to Perennial Holdings, both medical facilities are going to offer a common medical facilities and services method that will permit doctors and medical teams to operate on an asset-light basis, without needing to buy clinical centers and services. Instead, they will use facilities provided and managed by Perennial Holdings.
The model, which was piloted at Perennial Holdings’ general hospital in Tianjin that commenced operations earlier this year, gives comfort and cost efficiency to doctors and clinical teams, the company includes.
Currently, the team has five healthcare-centric TODs which are attached to HSR terminals, located in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, regulates and handles over 25,000 beds in medical and eldercare facilities, consisting of 16,000 operational beds and 9,000 beds in the pipeline, throughout China and Singapore.
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Pua Seck Guan, director chairman and chief executive officer of Perennial Holdings, states: “The RMB1 billion investment lines up with our strategic focus on healthcare-centric HSR transit-oriented developments (TODs), which serve as enablers of our healthcare organization, and marks our maiden medical care business foray right into the Guangdong-Hong Kong-Macau Greater Bay Location.”
Both hospitals in Guangzhou are expected 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 set to cross over 1.18 sq kilometres at an estimated overall investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is pictured to be a clinical and wellness precinct integrating health care, wellness, study, training, commercial and home parts, says the group.
Located in the Southeast Tower of Yuesheng Plaza, this will be the first fully foreign-owned tertiary overall hospital and specialist hospital in Guangzhou and Southern China. Both medical centers will have an overall intended capability of over 600 beds.
On The Other Hand, Perennial Holdings is also readied to develop an integrated eldercare venture in Guangzhou’s Huangpu District, which will certainly feature a rehab hospital, taking care of home and an eldercare home.
Perennial Holdings has actually signed a contract with Guangzhou Metro Group to lease approximately 105,000 sq ft of space and spend around RMB1 billion ($ 178.9 million) to launch two healthcare facilities in Guangzhou.
The medical facilities are expected to establish Guangzhou as a “leading medical tourist destination”, drawing in high-net-worth clients from the Asia Pacific region, believes Pua.
