International Hospitals Group and Wanda Group Announce 23 Year Partnership in Qingdao, China

2015-09-29 09:00 2841

LONDON, Sept. 29, 2015 /PRNewswire/ --

International Hospitals Group (IHG) is delighted to announce it has signed a long term partnership with Wanda Group, China's largest commercial property company, to build, equip, commission and manage the new bed IHG Qingdao International Hospital. This 1,000,000,000 RMB development will start immediately.

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With IHG's support, Wanda Group will build, equip and commission a new 200 bed international standard hospital in Qingdao over the next three years. IHG will then take possession of the hospital in 2018 and manage it under its IHG Chinese brand 英慈. IHG will operate the hospital under a 20 year lease until 2038.

Chester King, Chairman, IHG Asia commented: "We have had a great year in China. In May IHG was accepted as the only foreign member of SAMHIC and nominated as Head of its International Affairs Committee. Although we have successfully completed over 450 projects for other clients around the world the IHG Qingdao International Hospital will be the first to be managed under IHG's own Chinese brand. We have been very fortunate to start this new chapter in the company's history with a great local partner and one of the leading companies in China, Wanda Group as part of their innovative 3.5 million square metre Movie Metropolis project in Qingdao. This collaboration is a great example of China/Britain co-operation and we have had great support from UKTI and Healthcare UK. We will also be bringing a leading NHS hospital trust into the project to support its development and operation with an emphasis on training, clinical links and quality assurance."

Wanda Chairman, Wang Jianlin commented, "We are delighted to have chosen to partner with IHG due to their excellent track record in managing hospitals throughout the world."

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Founded in 1978 IHG has successfully completed over 450 healthcare projects in 49 countries for private and public sector clients including 22 national Governments, the United Nations, the World Bank and the International Finance Corporation.

Contact: Jason Mann Managing Director, Asia Email:

Source: IHG