Perennial Holdings targets wealthy Chinese boomers

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SINGAPORE: The task of providing elderly care for the growing number of Chinese baby boomers may be a headache for Beijing, but a Singaporean hospital operator sees it as an evergreen opportunity.

Perennial now operates two developments that integrate hospitals, rehabilitation facilities and other amenities in China, in the northern city of Tianjin and the southwestern leisure and tourism capital Chengdu.

Beijing in September also removed barriers for foreign investments in its massive healthcare industry, including allowing overseas investors to run hospitals without a Chinese partner.

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Article Details

Author / Journalist: Eugene Mahalingam

Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaJapanOmanSingapore

Topics: Chinese Yuan Nursing Care Perennial Elderly China Market Beijing Group Homes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24939646

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