The task of providing elderly care for the growing number of Chinese baby boomers may be a headache for Beijing, but a Singaporean hospital operator sees it as an evergreen opportunity.
With more than 400 million Chinese set to enter their 60s over the coming decade, Singapore-based Perennial Holdings is betting on sound returns for investors able to meet the demand for premium care and services for this group, who were born in the country¡¯s tumultuous 1960s but fortunate enough to reap the benefits of its stellar economic rise in the past few decades.
¡°When people have a certain level of income, they are used to a certain level of medical treatment. It cannot be totally catered for by the government,¡± Perennial¡¯s chairman and chief executive officer Pua Seck Guan said in an interview.
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