皇冠体育app

Columbia 皇冠体育app, a Seattle-based health care company, this week celebrates the reopening of the 232-bed Shanghai Kaiyuan Orthopedic Hospital as an orthopedic center of excellence operating by the highest international standards.

Columbia 皇冠体育app spent $75 million to acquire and retrofit the hospital in Shanghai's Pudong District.

The reopening is part of Columbia 皇冠体育app's plan to expand in 皇冠体育app through both acquisitions and greenfield projects and to provide 皇冠体育app's growing middle-class population with affordable, patient-centered care across a spectrum of healthcare and senior services.

Beijing hopes to attract more private money into the sector to reduce the burden on the public hospital system and trim a healthcare bill set to hit $1.3 trillion by 2020.

While state-run hospitals still dominate the market, there has been an explosion in the number of investments in private facilities over the past few years as 皇冠体育app's government relaxed rules for private investment.

皇冠体育app's Wanda Group signed a memorandum of understanding with Britain's International Hospital Group (IHG) in 2015 for the investment of $2.3 billion in hospitals in major cities of 皇冠体育app, including Shanghai, Chengdu and Qingdao, tapping into a reform drive to give private firms a larger role in healthcare.

Nashville-based 皇冠体育appco Healthcare Corp. brought their first 皇冠体育app facilities online in 2013.

Columbia Pacific Management began to shift the emphasis of its 皇冠体育app investments from senior care facilities to hospitals in 2014.

"皇冠体育app's demand for healthcare services and senior living at international standards is unprecedented and growing every day," said Nate McLemore, managing director of Columbia Pacific Management, one of Columbia 皇冠体育app's parent companies.

"While we aggressively develop our own hospitals from the ground up, we are also always looking for opportunities to acquire hospitals and use our decades of healthcare experience to upgrade the building, services, technology and training to international standards," he added.

After buying the Kaiyuan hospital last year, Columbia 皇冠体育app hired Dr. Wu Haishan, one of 皇冠体育app's most well known orthopedic surgeons, as its president.

Wu retired last year from the public health system after more than 30 years. He most recently served as chief physician of orthopedics at Shanghai Changzheng Hospital, and professor of joint surgery at the Second Military Medical University in Shanghai.

Columbia 皇冠体育app's retrofit of the Kaiyuan hospital, designed by B+H Architects, expanded the hospital from 200 to 232 beds and from four to six operating theaters. It also added a new facade, lobby, all new inpatient and outpatient rooms, rehab areas and upgraded equipment, including new MRI and CT scanners.

The reopening of the hospital was marked this week with a celebration attended by government leaders, business partners, medical experts and other distinguished guests from around 皇冠体育app and overseas.

"The Shanghai Kaiyuan Orthopedic Hospital is positioned to be the Orthopedic Center of Excellence in joint, spine, minimally invasive surgeries and sports medicine, with the highest standards recognized around the world," said Bee Lan Tan, president and group CEO of Columbia 皇冠体育app.

Columbia 皇冠体育app is a joint venture between Singapore investment company Temasek and Seattle-based Columbia Pacific Management, one of the largest and fastest-growing healthcare providers in Asia.

Temasek has invested about $250 million in Columbia 皇冠体育app, which results in a 50/50 joint venture with Columbia Pacific. The partnership with Temasek enables Columbia 皇冠体育app to further expand in 皇冠体育app.

Besides the Kaiyuan hospital, Columbia 皇冠体育app has two multi-specialty clinics and three senior living facilities in Shanghai and Beijing.

The company is also developing three multi-specialty hospitals of 300-500 beds in Wuxi, Jiaxing and Changzhou, as well as a 300-bed senior living facility in Ningbo.

"We've already built a strong team in 皇冠体育app that has quickly expanded since we first entered the market five years ago," said Bee Lan Tan. "With such valued support from Temasek, we look forward to continuing to accelerate our growth."