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NEW (2015-11-04)Ajou's Medical Center seeks to build a 1,000-bed general hospital in China

  • 2015-11-12
  • 24222

Ajou's Medical Center seeks to build a 1,000-bed general hospital in China

2015-11-04


Ajou University Medical Center seeks to build a 1,000-bed general hospital in Suzhou, Jiangsu Province of China.


On November 1st, the Center signed a Memorandum of Agreement (MOA) on building and operating a general hospital in China with the Suzhou Management Committee of Express Train New Town and Golden Kylin Investment based in Shanghai. The MOA came at the fifth China-Japan-ROK Business Summit that was held in connection with the China–Japan–ROK Trilateral Summit.


The 1,000-bed general hospital is to be built in the medical district of the Express Train New Town within Suzhou's Xiangcheng District in Jiangsu Province, and it will be extended into 3,000 beds later on. Ajou's Medical Center aims to provide the same service quality in China as it offers now domestically, and fill up to 30 percent of the staff with Korean expatriates over time.


The Center will be in charge of operating the hospital, fostering staff members with expertise, and dispatching medical teams, and the Suzhou Management Committee of Express Train New Town agreed to provide land, basic infrastructure, and assistance in obtaining relevant permits. Golden Kylin Investment will make the necessary investments and construct the hospital.


Demand for medical services is sharply increasing in China, and its health and medical services market is expected to be worth up to 1 trillion dollars (about 1,133 trillion won) by 2020. Hence, the Chinese government is opening its medical services market by establishing medical districts, etc.


The planned construction of Ajou's general hospital is expected to play an important role in increasing the brand value of the University, as well as that of Korea.