
Mar
31
Hong Kong and Thai Firms jointly bid to build New Private Hospital
Posted on Mar 31, 2010 by Sergio Ulloa (G+)
Hong Kong-based Asia Financial Holdings and Bangkok-based Bumrungrad International, a world-renowned Thai company, recently submitted to the Hong Kong Food and Health Bureau a bid to build a US$385 million (HK$3 billion) 350-bed private hospital at Wong Chuk Hang in Aberdeen, a district located in the southern part of Hong Kong Island. During 2009 the Bumrungrad Hospital in Bangkok, one of the largest medical tourism facilities in the world, treated over 1 million patients. Bumrungrad International also owns, operates and manages hospitals and healthcare facilities in seven other countries in Asia and the Middle East. The joint venture envisions to create an integrated hospital offering comprehensive services, expanding its capacity by 150 extra beds in a second phase, based on demand from the public and availability of sufficient medical personnel. Opening of the first phase of the hospital would be timed to coincide with the completion of the Mass Transit Railway (MTR) South Island Line. It is now up to the government of Hong Kong to reveal a favourable and attractive land premium rate, which the initial US$385 million (HK$3 billion) bid hasn't factored-in yet, for the project to go ahead. Companies mentioned: Asia Financial Holdings
