Responding to Asia's increasing need for efficient and specialised medical services, International Healthway Corporation (IHC) is beefing up its expertise as an integrated health care solutions provider to tap into the region's fast-growing wellness sector.
Listed in Singapore on July 8, IHC focuses on the development, investment and management of medical centres and integrated mixed-use properties located across the region while bolstering the outpatient services of its subsidiary Healthway Medical Corporation (HMC).
"We are tapping into positive industry trends in Malaysia, China and Japan to offer quality services and to strengthen our presence in the region," says Dr Jong Hee Sen, IHC executive chairman and group president.
Kicking off with its S$770-million (HK$4.69 billion) initial public offering market capitalisation, IHC seeks to penetrate Asia's emerging markets with its professional health care services and mixed-use property developments.
Providing supporting services that enhance a patient's experience in its wellness centres, IHC increases its assets' value by complementing its medical facilities with retail and lifestyle spaces.
Aside from serving Singapore's medical clients, IHC aims to serve China's expanding private health care sector and Malaysia's thriving medical tourism groups. It also seeks to expand its elderly nursing market in Japan.
The group owns 15 medical and mixed-use properties located in Malaysia, China and Japan. It is renovating its Wuxi Hospital into an 800-bed medical and retail facility while developing health, commercial and residential spaces in Chengdu and Kuala Lumpur.
HMC, Singapore's leading outpatient health care provider with the largest network of medical centres and clinics in the country, supports IHC's expansion plans by providing world-class and complete solutions to patients entering IHC's medical facilities.
"We also ensure a stable growth platform through our investment facilities," Jong says. "IHC stands out because it offers complete care solutions through wellness-themed retail and lifestyle components. We are well-equipped to grow in Asia."
International Healthway Corporation