Listed on the Catalist Board of Singapore Exchange Securities Trading Limited (“SGX-ST”), OUE Healthcare Limited (the “Company”, and together with its subsidiaries, the “Group”) is a subsidiary company of OUE Limited (“OUE”). OUE Healthcare is a Pan-Asian healthcare group that owns, operates, and invests in quality healthcare assets and operations in high-growth Asian markets.
OUE Healthcare currently operates one general hospital, Wuxi Lippo Xi Nan Hospital, in China. Its joint venture with China Merchants Group is developing a high-end international hospital, Shenzhen China Merchants - Lippo Prince Bay Hospital to serve the affluent Greater Bay Area, and will lease and operate an Obstetrics & Gynaecology hospital, Changshu China Merchants-Lippo O&G Hospital.
In Myanmar, OUE Healthcare holds a 40% stake in the joint venture companies that own and operate seven medical facilities in Myanmar that are branded as Pun Hlaing Hospitals.
In Singapore, the 60:40 joint venture company between OUE Healthcare and OUE has formed a strategic partnership with two leading respiratory specialist practices and one leading cardiothoracic surgery practice in Singapore. The strategic partnership is an integral step for OUE Healthcare to build a healthcare ecosystem anchored on Singapore’s medical best practices for regional growth.
OUE Healthcare is also the sponsor and the largest unitholder of First Real Estate Investment Trust (“First REIT”), Singapore’s first listed healthcare real estate investment trust, where it directly owns approximately 33% of First REIT, as well as a 40% stake in the manager of First REIT.
OUE Healthcare continually seeks to grow its healthcare businesses in Asia via its three-pronged strategy in developing strategic partnerships, adopting an asset-light approach, and growing its Pan-Asian presence.
OUE, listed on the Mainboard of the SGX-ST, is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail, and residential sectors. In 2017, OUE expanded its portfolio into the healthcare sector with the acquisition of OUE Healthcare, and this was followed by the acquisition of First REIT Management Limited, the manager of First REIT, jointly with OUE Healthcare in 2018. In 2019, OUE expanded into the consumer sector with OUE Restaurants Pte. Ltd.
In February 2018, ITOCHU Corporation (“ITOCHU”) took a strategic stake in OUE Healthcare with the completion of a placement of 562,500,000 new ordinary shares. ITOCHU is listed on the Tokyo Stock Exchange and is amongst the largest and most diversified trading companies in the world with a presence in 63 countries.