OUE Lippo Healthcare JV to manage 3 hospitals in major Chinese cities

SINGAPORE (Dec 31): OUE Lippo Healthcare will manage three medical facilities in Shanghai, Chongqing and Nanjing through to a joint-venture agreement.

Named China Merchants Lippo Hospital Management (Shenzhen), the company is a 50:50 JV between OUE Lippo’s indirect wholly-owned subsidiary Lippo Healthcare and China Merchants Landmark (Shenzhen), a member of China Merchants Group (CMG).

The facilities are namely: Shanghai Chongqing Hospital, a Grade II 204-bed hospital located in Yuzhong District on a land area of about 11,000 sqm; Chongqing Changhang Hospital, another Grade II hospital with 219 beds on a land area of about 13,750 sqm; as well as Nanjing Youyun Hospital, a Grade I hospital with a gross floor area of about 2,015 sqm.