Real Estate Developer to Invest in Hospital Business

Real estate developer to invest in the hospital businessOne of the country’s leading real estate developers, Vanke Co. is planning to invest and build a hospital in Longgang district. The Shenzhen-based company will be investing US$ 150 million in building the hospital in Longhua.

The five-year health plan by the city’s health department hopes to improve the city health care. The hospital will provide high end gynecology, obstetrics and pediatric services. Integrated and special hospitals will also be built in areas near Longgang and Bao’an districts in the next five years. Building these hospitals closer will shorten the distance that residents need to travel when seeing a doctor in the Luohu and Futian districts.

City level public hospitals will turn over administrations of community health centers to district level public hospitals, so the city level hospitals will have more time and resources in treating more serious diseases rather than treating common ones. Several hospital laboratories are also in the process of applying to become national level laboratories in the five next years.

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