Raffles Medical Group eyes expansion into Chinese cities

 25-Apr-16, Nikkei Asian Review 

Singapore's leading private medical provider, Raffles Medical Group, is seeking opportunities to open hospitals and medical centers in China's top cities.

Image: Nikkei Asian Review

"In the next couple of years, you will see us growing to more cities in China, with more medical centers in big cities like Beijing and Shanghai," said executive chairman Loo Choon Yong.

Loo sees opportunities for international-branded, high-quality medical care in China as the country's economy grows and more foreigners travel there for business. "With China being such a big economy ... we cannot ignore China," he said, adding that despite the slowdown in economic growth, the country is still growing faster than other regions.

The group plans to open a 400-bed facility in Shanghai in 2018, adding to existing clinics in seven cities in China, including Shanghai, Beijing, Nanjing and Dalian. The new hospital in Shanghai will target the wealthiest 20% of the region's population, as well as expatriates and foreign travelers.

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 Elsevier APAC Healthcare Update