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Healthcare Asia Awards 2019
Healthcare Asia Awards 2019

Bright start to 2019#OUE Lippo Healthcare announces agreement to expand network in Myanmar.

Description

PHSH has obtained the first level of EDGE certification and become a first global EDGE certified hospital in Myanmar.

At the global level, Pun Hlaing Siloam Hospital earned the EDGE ASSESS level of certification after a rigorous third-party evaluation by measuring the gender balance, equal pay for equivalent work, effectiveness of policies and practices and the inclusiveness of the culture.

Why has OUE LIPPO Healthcare chosen to invest in PHSH?

We should be very proud that OUELH regards Pun Hlaing Siloam Hospitals as leaders in delivering world-class healthcare in Myanmar today. Our flagship hospital in Yangon is the first and only hospital in Myanmar to be awarded the prestigious Gold Seal of Approval for patient safety and quality by the Joint Commission International (JCI) USA. We have also established an excellent hospital facility in Myanmar’s second most populous city, Mandalay, and our facility in Taunggyi serves the capital of Myanmar’s largest state.

OUELH recognizes that Myanmar’s economy is one of the fastest growing in Asia today. As the nation is attracting lots more foreign investment, the demand for world-class healthcare, such as the service we provide at PHSH, will continue to increase. OUELH want to be part of this and we will benefit from the many synergies this partnership brings.

What does this mean to PHSH?

As their objective of the acquisition is to provide first-class healthcare to meet rising demands in Myanmar, OUELH will be an enthusiastic partner for our growth plans. They have proven expertise in the acquisition, development, management and operations of healthcare facilities providing synergies for PHSH advancement.

Listed on the Singapore Stock Exchange and with annual revenues of >US$45 million, OUE LIPPO Healthcare are commercially astute and financially robust. PHSH will benefit from being able to fund our expansion and improvement projects with lower cost borrowings and have greater speed and flexibility when it comes to liquidity.

This announcement marks the start of an exciting journey and presents us all with lots of new opportunities. Thank you for your continued hard work and support, and I look forward to working with you throughout what is set to be a very stimulating 2019.


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