Seat­tle com­pany helps re­open China hospi­tal

China Daily (USA) - - ACROSS AMERICA - By LINDA DENG in Seat­tle lin­dadeng@chi­nadai­lyusa.com

Columbia China, a Seat­tle­based 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 China spent $75 mil­lion to ac­quire and retro­fit the hospi­tal in Shang­hai’s Pudong Dis­trict.

The re­open­ing is part of Columbia China’s plan to ex­pand in China through both ac­qui­si­tions and green­field projects and to pro­vide China’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 China’s gov­ern­ment re­laxed rules for pri­vate in­vest­ment.

China’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 China, in­clud­ing Shang­hai, Chengdu and Qing­dao, tap­ping into a re­form drive to give pri­vate firms a larger role in health­care.

Nashville-based Chi­naco Health­care Corp. brought their first China fa­cil­i­ties on­line in 2013.

Columbia Pa­cific Man­age­ment be­gan to shift the em­pha­sis of its China in­vest­ments from se­nior care fa­cil­i­ties to hos­pi­tals in 2014.

“China’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 China’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 China hired Dr. Wu Hais­han, one of China’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 China’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 China 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 China.

Columbia China 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 China, which re­sults in a 50/50 joint ven­ture with Columbia Pa­cific.

PRO­VIDED TO CHINA DAILY

Shang­hai Kaiyuan Or­tho­pe­dic Hospi­tal af­ter Seat­tle-based Columbia China’s six-month retro­fit.

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