In 2020, OUELH continues to expand its operations and strengthen its partnerships with local partners so as to capture growing opportunities stemming from ongoing healthcare reforms in China.
OUELH holds a 50% equity interest in China Merchants Lippo Hospital Management (Shenzhen) Limited ("CM Lippo"). CM Lippo is a 50:50 joint venture company with a subsidiary of China Merchants Shekou Industrial Zone Holdings Co., Ltd., a member company of the China Merchants Group.
CM Lippo is currently developing a hospital – Prince Bay China Merchants - Lippo General Hospital in Shenzhen and has entered into a lease agreement to operate Changshu China Merchants – Lippo Obstetrics & Gynaecology Hospital in Changshu, Jiangsu.
Following the acquisition of the 70% stake of the operating company that operates Wuxi Lippo Xi Nan Hospital in Wuxi, Jiangsu. The Company believes that its healthcare management expertise, coupled with the deepening partnership with China Merchants Group, will put OUELH in good stead to capture the growing healthcare opportunities in China.