SEATTLE: Seattle-based Columbia Pacific Management (CPM) has released its hospital design for its Wuxi project.
CPM has strong ties to China. In 2011, its China senior-care affiliate, Cascade Healthcare, became the first foreign-owned company to receive permission to build senior-care facilities in China and now has facilities in Beijing and Shanghai.
The first Columbia Asia hospital opened in Malaysia in 1994 and the network has grown to 26 hospitals in India and Southeast Asia. The hospitals are designed to serve Asia’s rapidly growing middle class with modern and efficient multi-specialty hospitals located close to where patients live and work.
CPM said it is focusing on large cities in China (Shanghai with 24 million people, Wuxi with 7.5 million and Changzhou with 3.5 million), with hospitals and clinics designed to serve wide-ranging medical needs of the country’s fast-growing middle class.
The company’s new China hospital arm, Columbia China, will start construction next year on two 250-bed multi-specialty hospitals, in Wuxi and Changzhou, and is actively pursuing other hospital opportunities through acquisitions and greenfield projects. The 250-bed hospitals are in the permit stage, and both are expected to open by early 2018. Each hospital will cost $80 million to $100 million and each will have 600 to 800 employees…
This trend is covered in detail in the Seniors Housing Trends Monthly News
