Columbia Pacific Management enters Shanghai hospital market
01-Jun-15, Venture Beat
Columbia Pacific Management – one of the largest healthcare providers in Asia, with 28 hospitals in India and Southeast Asia and three senior care facilities in China – announced it is officially entering the China hospital market with a major investment in a 200-bed orthopedic hospital in Shanghai.
Image: Northwest Asian Weekly
The Seattle-based firm last fall announced it was building two 250-bed multi-specialty hospitals through its new China hospital arm, Columbia China, both set to open in 2018. The company also owns three outpatient clinics in Shanghai under the Columbia China name.
But the company’s investment in the 200-bed Kaiyuan Orthopedic Hospital in Shanghai’s Pudong District marks the first time that Columbia China will operate a hospital in China. The investment also positions Columbia China as a major player in Shanghai’s orthopedic services market. Over the next few years, the company will expand the hospital to 300 beds.