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Hong Kong and Thai Firms jointly bid to build New Private Hospital

Posted on Mar 31, 2010 by Sergio Ulloa ()  | Tags: Asia Financial Holdings, Bumrungrad International, Medical Tourism

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 Asia Financial Holdings Ltd.. The Group's principal activity is providing underwriting of general and life insurance. Other activities include securities trading and holding, mortgage loan financing, providing health care services and investment holding. Operations are carried out in Hong Kong, Liberia and British Virgin Islands. Bumrungrad International The Group's principal activities are owning and operating hospitals. Its flagship hospital, Bumrungrad International, is a renowned medical centre attracting over 1 million patients annually and named one of the world's top ten international hospitals by Newsweek International. The Company also owns a businesses in real estate and anti-ageing and functional medicine.
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