China's First Foreign-Owned Hospital Seeks More Medical Tourists
A Singapore hospital operator wants more international patients to seek treatment at its new medical center in China, as foreign healthcare providers eye medical tourism as a new growth area in the world's second-largest economy.
Perennial Holdings Pte 's $139 million hospital opened earlier this year in the northern city of Tianjin, and is the first fully foreign-owned medical facility in the mainland. The hospital aims to derive 30% of its revenue during its first year of operation from patients visiting from Russia to the Middle East and Southeast Asia — hoping China will become an emerging destination for medical tourism that can compete with established regional rivals Singapore, Thailand and Japan.
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