Foreign hospital gets license in Tianjin

China's first wholly foreign-owned tertiary general hospital, located in Tianjin, has obtained a license for medical services from the local health administration, demonstrating the nation's commitment to further opening-up its medical sector and addressing patients' diverse healthcare needs.

Perennial Holdings Private Limited, based in Singapore, announced on Monday in a news release that the Perennial General Hospital in Tianjin recently passed the Tianjin Health Commission's hospital inspection and received its license to operate as a medical institution.

The 500-bed tertiary general hospital, developed with a total investment of 1 billion yuan ($137.3 million), is expected to begin operations soon, the company stated. It is currently in negotiations with insurance companies to offer a range of policies to local patients. Tertiary hospitals represent the highest level in China's three-tier hospital system.