The last private hospital tender was around two decades ago when IHH Healthcare bid $1.25 billion for the site to build Mount Elizabeth Novena, right next to Tan Tock Seng Hospital.
The government's plan to allow a new private hospital is not likely to create a big stir for existing private hospital operators IHH Healthcare and Raffles Medical Group, says DBS Group Research.
This proposed hospital, which is still under consideration, is to be located in eastern Singapore. As announced by health minister Ong Ye Kung on April 9, this new hospital, with between 300 and 400 beds, is to be under a new "not for profit" model. The only not for profit hospital here is Mount Alvernia.
