However, the completion comes amid growing competition for the regional healthcare dollar as hospitals in Malaysia and Thailand raise the bar. At the same time, changes in Singapore’s healthcare insurance market mean the free-flowing consumption of private medical services will be curbed.
Mount Elizabeth Hospital, the flagship institution of IHH Healthcare, completed its multi-year, $350 million refurbishment. It added new facilities, redesigned workspaces, reconfigured rooms, made extensive use of technology and now sports an overall fresh new look.
The completion of Project Renaissance, as this costly endeavour is called, will put capacity previously taken out during the extensive works back into operation, leading analysts to project a steady pickup in IHH Healthcare’s Singapore earnings later this year.
