Our Business
Healthcare
OUE’s healthcare segment positions the Group to capitalise on the growing demand for quality healthcare in Asia through strategic partnership, acquisitions focused on investment in and delivery of high-quality healthcare services.
OUE Lippo Healthcare
OUE Lippo Healthcare





OUELH is a Pan-Asian healthcare group that owns, operates and invests in quality healthcare businesses in high-growth Asian markets.
OUELH currently operates one general hospital, Wuxi Lippo Xi Nan Hospital, in China. Its joint venture with China Merchants Group is also developing a high-end international hospital in Shenzhen, Prince Bay China Merchants – Lippo International Hospital to serve the affluent Greater Bay Area, and will lease and operate another Obstetrics & Gynaecology hospital, Changshu China Merchants – Lippo O&G Hospital.
As part of its ongoing efforts to expand its reach, in 2018 OUELH acquired a stake in First REIT Management Limited, the manager of SGX Main Board-listed First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust, whose portfolio includes healthcare assets in Indonesia, Japan and Singapore.
Extending its reach to Myanmar, OUELH acquired stakes in two joint venture companies in 2019, which between them own and operate three hospitals located in Yangon, Mandalay and Taunggyi, as well as one medical centre and three clinics under the name ‘Pun Hlaing Hospitals’.
Given the increasing demand for quality healthcare driven by rapidly ageing populations, growing affluence and technological developments, OUE is well positioned to capitalise on the growth potential in the healthcare segment through OUE Lippo Healthcare.
First Real Estate Investment Trust
First Real Estate Investment Trust



First Real Estate Investment Trust (First REIT) is Singapore’s first healthcare real estate investment trust listed in 2006. It was established with the principal investment strategy of investing in a diversified portfolio of income-producing real estate and/or real estate-related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes. Managed by Bowsprit Capital Corporation Limited, First REIT’s portfolio consists of high quality healthcare and healthcare-related properties with stable cash flows and long master lease terms with 100% committed occupancy across Indonesia, Singapore, and South Korea, namely 1) Siloam Hospitals Lippo Village, 2) Siloam Hospitals Kebon Jeruk, 3) Siloam Hospitals Surabaya, 4) Imperial Aryaduta Hotel & Country Club, 5) Mochtar Riady Comprehensive Cancer Centre, 6) Siloam Hospitals Lippo Cikarang, 7) Siloam Hospitals Manado & Hotel Aryaduta Manado, 8) Siloam Hospitals Makassar, 9) Siloam Hospitals Bali, 10) Siloam Hospitals TB Simatupang, 11) Siloam Hospitals Purwakarta, 12) Siloam Sriwijaya, 13) Siloam Hospitals Kupang & Lippo Plaza Kupang, 14) Siloam Hospitals Labuan Bajo, 15) Siloam Hospitals Buton & Lippo Plaza Buton, 16) Siloam Hospitals Yogyakarta, 17) Pacific Healthcare Nursing Home @ Bukit Merah, 18) Pacific Healthcare Nursing Home II @ Bukit Panjang, 19) The Lentor Residence and 20) Sarang Hospital.
On 26 October 2018, OUE Limited and OUE Lippo Healthcare Limited acquired a 60.0% and 40.0% stake, respectively, in Bowsprit Capital Corporation Limited, the manager of First REIT.