OUE’s expansion into the healthcare real estate segment is a strategic fit with its existing asset portfolio, and positions OUE to capitalise on the growing demand for quality healthcare in Asia.

OUE Lippo Healthcare

In April 2017, OUE acquired a controlling stake in Catalist board-listed International Healthway Corporation Limited, an integrated healthcare services and facilities provider with an established market presence in Japan, the People’s Republic of China and Malaysia. The company changed its name to OUE Lippo Healthcare Limited (OUE Lippo Healthcare) with effect from 9 October 2017.

OUE Lippo Healthcare currently owns and manages a portfolio of 12 quality nursing homes located across Japan in the cities of Sapporo, Nara, Kyoto and Nagano. It also owns and operates Wuxi New District Phoenix Hospital located in Wuxi City in China’s Jiangsu Province. This 163-bed hospital employs about 300 medical and other staff and is well equipped to provide a wide range of medical specialisations.

With a view to expanding its healthcare portfolio across China and Southeast Asia, there are plans to expand Wuxi New District Phoenix Hospital. There are also plans to develop a general and rehabilitation hospital in Dujiangyan, Chengdu, and a wellness-themed integrated mixed-use development in the heart of Kuala Lumpur, Malaysia.

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.

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