GE Healthcare believes healthcare PPPs are the way forward in Southeast Asia
14-Aug-17, Health Investor Asia
With a population of more than 620 million and less than three beds per 1,000 people, Southeast Asia’s demographics reveal an attractive investment opportunity for private healthcare providers. In fact, some of the largest and most profitable private healthcare providers are based in Singapore, Thailand, and Malaysia, where there are clear pockets of excellence generating impressive medical tourism streams.
Image: Governance Today
It seems public and private healthcare providers are serving separate client segments. A true partnership in which public and private partners team up, allocate tasks and risks to the party best able to handle them is very rare in the region. The new Women and Children's Hospital in Kuala Lumpur is one exception.
In Southeast Asia, we see a clear trend of ministries of health and state-owned hospitals pro-actively engaging with the private sector to find mutually beneficial ways to work together, says Lieven Jacquemyn, PPP international development director at GE Healthcare Singapore.