Perennial Holdings inks agreement to open two hospitals in Guangzhou
Currently, the team has five healthcare-centric TODs which are attached to HSR terminals, located in Tianjin, Chengdu, Kunming, Xi’an and Chongqing. Perennial Holdings owns, manages and runs over 25,000 beds in medical and eldercare facilities, consisting of 16,000 operational beds and 9,000 beds in the pipeline, all over China and Singapore.
According to Perennial Holdings, both medical facilities will feature a shared medical facilities and services concept that will certainly permit physicians and clinical groups to operate on an asset-light basis, without needing to buy medical centers and services. Rather, they are going to make use of centers provided and supervised by Perennial Holdings.
Located in the Southeast Tower of Yuesheng Plaza, this will be the first fully foreign-owned tertiary general hospital and specialist hospital in Guangzhou and Southern China. The two medical facilities will have a complete arranged capacity of over 600 beds.
Pua Seck Guan, executive chairman and CEO of Perennial Holdings, claims: “The RMB1 billion investment lines up with our calculated focus on healthcare-centric HSR transit-oriented developments (TODs), which work as enablers of our healthcare company, and marks our maiden health care business foray right into the Guangdong-Hong Kong-Macau Greater Bay Location.”
On The Other Hand, Perennial Holdings is also set to develop an integrated eldercare venture in Guangzhou’s Huangpu District, that will certainly include a rehab hospital, taking care of home and an eldercare home.
The model, which was piloted at Perennial Holdings’ general hospital in Tianjin that commenced functions earlier on this year, offers convenience and cost efficiency to doctors and medical teams, the firm includes.
The medical facilities are anticipated to develop Guangzhou as a “top medical tourism place”, attracting high-net-worth buyers from the Asia Pacific area, thinks Pua.
Both hospitals in Guangzhou are anticipated to be completed in July 2026, forming the initial phase of the Perennial Baiyun International Healthcare City. Under the collaboration agreement between Perennial Holdings and the Guangzhou Baiyun District Government, the healthcare city is readied to span over 1.18 sq kilometres at an approximated complete investment cost of RM5 billion. The Perennial Baiyun International Healthcare City is pictured to be a medical and wellness precinct integrating medical, wellness, research, training, commercial and home elements, says the group.
Perennial Holdings has signed a deal with Guangzhou Metro Group to rent around 105,000 sq ft of space and spend around RMB1 billion ($ 178.9 million) to establish two medical facilities in Guangzhou.
