Singapore-based Perennial Holdings will invest RBM 128 million (€18.5 million) to develop China’s first one-stop healthcare development providing care for the elderly with dementia in China.
Perennial said the project will be the “largest” dementia care facility in the country, which will consist of four components: a dementia home, a nursing hospital, a rehabilitation hospital and an international institute. research on care of the elderly.
Perennial will convert its existing properties on the leased site to house the company’s four branches as Perennial Alzheimer’s Care Village Xian will house a total of nearly 700 beds.
Khoo Chow Huat, CEO of Perennial Healthcare, said, “Aged care and senior housing is one of the core segments of Perennial’s healthcare business in China.
Khoo said the company is focusing on the “seamless integration of elderly care and medical care as well as Western and traditional Chinese medicine” to better meet the needs of the elderly.
With the latest project, Perennial will have nearly 50 healthcare and aged care facilities with approximately 11,000 operational beds and a committed pipeline of over 4,000 beds in more than 10 cities in China.
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