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BUSINESS & TECH

U.S. Hospitals See Healthy Opportunities in China

By Coco Feng

(Beijing) — U.S. hospital chains are trying to carve out a slice of China’s growing medical pie, by joining hands with private hospitals on the mainland.

For years mainland patients, dissatisfied with overcrowded facilities and the lack of access to the latest medicines and treatments at home, have headed overseas in search of top-notch health services. But now, the clamor for more care options by China’s rising middle-class is attracting foreign players to Chinese shores.

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Two American hospitals have become the latest addition to a growing list of about 100 foreign clinics that have partnered with local health service providers in recent years. Last week, the Massachusetts General Hospital said it has partnered with China’s Jiahui Health Network to open a cancer hospital in Shanghai in October.

New Jersey-based Children's Specialized Hospital said it had inked a partnership deal with health care investment firm LIH Investment & Management Co. Ltd. last month to open a rehabilitation center in the southern city of Shenzhen for children with severe injuries or those suffering from mental illness or developmental disorders.

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