Asian American Medical Group targets Chinese healthcare market
13-Aug-15, Proactive Investors Australia
Asian American Medical Group (ASX:AJJ) is planning to develop a diagnostic and wellness medical centre in Zhuhai, Southern China, to leverage on the growth of medical tourism.
%20Proactive%20Investors%20Australia.jpg "Asian American Medical Group targets Chinese healthcare market (c) Proactive Investors Australia")
Image: Proactive Investors Australia
The Singapore-based company is acquiring Rich Tree Land Pte Ltd, which successfully tendered in March 2015 for a 5,446 square metre land parcel in the new Zhuhai Free Trade Zone, for S$19.6 million (A$19 million).
Zhuhai is located close to Macau and Hong Kong with accessibility to improve further following completion of the Hong Kong-Macau-Zhuhai Bridge in late 2016.
AAMG’s planned Zhuhai-Singapore Life Science Park will be a specialist ambulatory medical centre offering health-screening, endoscopic and operation services, multi-disciplinary medical consultations that will include a one-stop suite of aesthetic services.