RafflesMedicalGroup has announced plans to develop its second international tertiary hospital in China.

The group has acquired a 28,000m2 plot with an in-construction building at the Liangjiang New Area in Chongqing to construct the 700-bed hospital.

The RafflesHospital Chongqing hospital is slated for completion next year and will serve local and expatriate patients in the western part of China as well as foreign patients arriving from Central Asian countries.

RafflesMedicalGroup executive chairman Dr Loo Choon Yong said: “We are pleased to have been able to secure the RafflesHospital Chongqing project.

“Together with the upcoming Shanghai hospital, we will be a major player in tertiary hospital services in China, where there is significant demand for good quality healthcare from locals and foreigners.”

The development of RafflesHospital extension has already commenced and will allow the group to expand its clinical services as well as outpatient specialist centres and inpatient facilities capacity.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This year, RafflesMedical expanded its network of clinics with the opening of a new clinic at Hillion Mall in Bukit Panjang that also provides dental services.

Existing clinics located at Asia Square, Clementi and Nex in Singapore will be refurbished this quarter to serve the patients better.

Last quarter, the group reported revenue of S$114.9m ($82.47m) compared to S$116.9m ($83.9m) in the first quarter of last year.

The marginal decline was attributed to softer demand from foreign patients.