We came across this press release today about US-based China Health Management Corp (CHMC), who has built a hospital with partner Richard Technology here in Kunming. Richland International Hospital is scheduled to open by the end of this year. It will be located on the Beijing Lu extension, just north of the Jinxing Flyover in north central Kunming.
According to the press release, CHMC's goal is "to establish a leading position in the high-end medical market in Yunnan Province in 3-5 years, and to secure a 40% market share of the private medical services industry."
In most cities, this would be a formidable challenge. In Kunming it shouldn't be too difficult as there are no local hospitals that we are aware of that offer care, equipment and facilities that meet international levels. We've argued for a while that one of the major obstacles to Kunming becoming an international city is its lack of international-standard hospitals and clinics - at the moment Bangkok and Hong Kong are the main options for Kunming residents who want top-end medical care.
This isn't just about making a hospital for the foreigners, there is a large middle class in Kunming and also wealthy small cities nearby such as Yuxi and Qujing that want access to high-quality health care with modern, clean facilities and a high level of service. They are willing to pay a premium for this as well. Once Kunming has international-standard health care, it won't just cause expat managers to consider moving here, it should also lead to an increase in Chinese professionals from the coast considering a move to the Spring City.
Richland International Hospital