Ramsay Health Care in Western China hospital joint venture

 16-May-15, Bernama

Ramsay Sime Darby Health Care (RSDHC) has signed a conditional contract to form a joint venture with Chinese healthcare company, Chengdu Jinxin Healthcare Investment Management Group Ltd (Jinxin).

Image: Ramsay Sime Darby

RSDHC is a partnership between Ramsay Health Care Ltd and Sime Darby Bhd while Jinxin is operating a number of hospitals. RSDHC will have an effective 50% stake in the joint venture and is expected to be the first international hospital operator to invest across a broad spectrum of specialty facilities in the Chinese market.

The JV will initially involve four of the hospitals that Jinxin currently operates in Chengdu and, at a later stage, a 500 bed women's health private hospital due to open later in 2015. 

"In total, it is contemplated that the joint venture will involve these five hospitals with approximately 2,300 beds and a focus on women's health, mental health, and traditional Chinese medicine," RSDHC said in a statement.

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 Elsevier APAC Healthcare Update