Luye Medical to set up innovation centre

Singapore

FRESH from its recent billion-dollar acquisition of Australia's third largest private hospital group, Singapore- based Luye Medical Group is now taking concrete steps towards constructing its own version of a private healthcare system.

In Singapore, it is looking to set up an innovation centre by the end of this year, while eyeing potential targets for acquisition. In China, it will set up three more clinics in major cities, while its first general hospital will go into operation in two years' time.

"The acquisition falls into part…