IHH Healthcare to develop tertiary hospital in Shanghai

 09-Jun-16, The Edge Markets

IHH Healthcare Bhd’s wholly-owned subsidiary Parkway Pantai Ltd said it is developing a 450-bed multi-specialty tertiary hospital in the Shanghai New Hongqiao International Medical Center (IMC).

Image: Nikkei Asian Review

The development, it said, will be undertaken by a joint-venture entity, which is 70%-owned by Parkway Pantai and 30%-owned by Shanghai Hongxin Medical Investment Holding Co Ltd.

The entity has entered into a land contract for the development of the hospital on a 35,754 sq m site, which was acquired on a leasehold basis for 50 years.

Called ParkwayHealth Shanghai International Hospital, the hospital is slated for opening in 2020, with a registered capital of 455 million yuan (USD69 million).

It will offer a range of specialties and healthcare services, with a focus on cardiology, cardiac surgery, gastroenterology, urology, minimally invasive surgery, general surgery and internal medicine.

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 Elsevier APAC Healthcare Update