GBP300 mn UK-China hospital partnership
06-Jan-16, GOV.UK
The UK’s International Hospitals Group and China’s Wanda Group have unveiled a 10 year exclusive global hospital partnership that includes involvement in building and managing the new 200 bed IHG Qingdao International Hospital and future projects in Shanghai and Chengdu.
%20GOV_UK.jpg "GBP300 mn UK China hospital partnership (c) GOV UK")
Image: GOV.UK
Wanda says it will invest up to £1.5 billion in the first three projects, with IHG targeting revenue of at least than £300 million. Trade and investment between the UK and China has hit historic highs with up to £40 billion in deals signed during President Xi’s 2015 State Visit to the UK.
UK expertise is sought-after by Chinese companies seeking commercial healthcare partnerships from medical training to hospital operation, medical investment and specific disease treatment.