IHH Healthcare eyes growth in S'pore, Hong Kong as it expands

Group on track to open multiple clinics, care facilities in both markets by 2028

- Timothy Goh

Private healthcare group IHH Healthcare, which operates four hospitals locally under the Gleneagles, Mount Elizabeth and Parkway brands, is eyeing growth in Singapore and Hong Kong.

The group, which has a portfolio of over 80 hospitals worldwide, is still expanding, announcing its latest deal to acquire Island Hospital in Penang on Sept 4.

Its group chief corporate officer Ashok Pandit told The Straits Times on Sept 11 that the firm's plans to open 15 new clinics and two Ambulatory Care Centres (ACCs) in Singapore by 2028, and six new clinics or ACCs in Hong Kong within the same timeframe, are on track. ACCs are facilities providing medical procedures that can be done within a day.

The company also intends to increase the capacities of some of its hospitals by almost 4,000 beds by 2028, and is exploring the possibility of entering new markets such as Indonesia and Vietnam.

"But there are various considerations such as alignment with our overall strategy, market opportunity and regulatory framework to be assessed, before any further decisions can be taken," Mr Pandit said.