Singapore-based Perennial Real Estate Holdings Limited has announced that its Perennial General Hospital in Tianjin has received the Practice License of Medical Institution from the city’s health commission bureau. This milestone makes the hospital the first wholly foreign-owned Class III comprehensive hospital in China.
Tianjin Perennial Hospital’s Strategic Location and Role
The Tianjin Perennial Hospital, conveniently located adjacent to Tianjinnan Railway Station, is an integral component of the Perennial International Healthcare and Business City. This development is the first large-scale Transit-Oriented-Development (TOD) project in China, designed to integrate elderly care, medical care, and hotels under one umbrella. The city also includes a health and nursing community, which boasts over 1800 elderly care beds, further emphasizing the project’s commitment to comprehensive healthcare services.
The Significance of the Medical Practice License
The acquisition of the medical practice license not only signifies regulatory approval but also underscores the hospital’s readiness to provide advanced medical services to the community. As a Class III comprehensive hospital, Tianjin Perennial Hospital is poised to offer a wide range of medical services, setting a precedent for foreign investment in China’s healthcare sector.-Fineline Info & Tech
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