On 18th May 2023, the Group held the grand opening for our second nursing home in Changshou, Chongqing. Serving the middle to affluent elder market, the dementia friendly nursing home is a 280-bed eldercare facility located at Yucai Road, Changshou District, Chongqing, with a built-up area of close to 8,500 square metres. A joint venture with local partner – Chongqing Guangda Bailingbang Eldercare Industry Group Co. Ltd., this project provides the opportunity to strengthen the exchange of eldercare expertise between both countries and integrate international advanced eldercare concepts and quality in China. The Grand Opening was graced by senior leaders of the Changshou District, Chongqing including Mr Liu Xiaoqiang, Secretary of the Changshou District Party Committee, Mr. Peng Zhiming, Deputy Director of China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administrative Bureau, Mr. Feng Guangyin, Level ll Bureau Rank Official of Chongqing Municipal Civil Affairs Bureau and Mr Guo Xiaozhong, President of Chongqing Pension Service Association.
Econ Healthcare acquires Ambulance Medical Service Pte. Ltd. in a Strategic Move to Strengthen Market Position
We are pleased to announce that we have signed a conditional sale and purchase agreement to acquire all the issued and paid-up shares of Ambulance Medical Service Pte. Ltd. (“AMS“), an emergency ambulance and medical transport operator in Singapore (the “Proposed Acquisition“). This strategic move marks a significant milestone for