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S'pore operator of first foreign-owned hospital in China eyes medical tourists
The Straits Times
|June 06, 2025
A Singapore hospital operator wants more international patients to seek treatment at its new medical centre in China, as foreign healthcare providers eye medical tourism as a new growth area in the world's No. 2 economy.
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BEIJING -
Perennial Holdings' US$139 million (S$179 million) hospital opened earlier in 2025 in the northern city of Tianjin, and is the first fully foreign-owned medical facility in the mainland.
The hospital aims to derive 30 per cent of its revenue during its first year from patients from Russia to the Middle East and South-east Asia — hoping China will become an emerging destination for medical tourism that can compete with established regional rivals Singapore, Thailand and Japan.
Perennial's focus on wooing overseas patients to Tianjin came after China in 2024 moved to allow private hospitals to be fully owned by foreign entities, which had previously needed a Chinese business partner.
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