Date
11 December 2017

Five HK firms scan private hospital potential, website says

As many as five Hong Kong-listed firms have expressed interest in setting up private hospitals on the mainland, echoing the State Council’s call for privately funded medical centers to make up 20 percent of the market by 2015, Tencent’s qq.com reported Monday, citing Ming Pao. Evergrande Real Estate Group Ltd. (03333.HK), Kaisa Group Holdings Ltd. (01638.HK), Asia Financial Holdings Ltd. (00662.HK), Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (02196.HK) and Phoenix Healthcare Group Co. Ltd. (01515.HK) are understood to be interested in tapping the market. As of April 2013, there were 10,234 private hospitals in China, making up 43 percent of the mainland total. But, 90 percent of the country’s medical services are still provided by public hospitals. Private hospitals would have to double the scale of their operations for the State Council to meet its 2015 target, unnamed industry sources were quoted as saying.

– Contact HKEJ at [email protected]

EL/AC/SK

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