IHH Healthcare’s Mount Elizabeth renovation ahead of schedule, the bulk to be done by Q3 2025
The company’s senior management is bullish on India, noting that the market offers favourable trends for private healthcare
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PRIVATE healthcare provider IHH Healthcare expects its ongoing renovation of Mount Elizabeth Hospital along Orchard Road to be largely completed by the second to third quarter of 2025, one to two quarters ahead of schedule.
However, the facility’s refurbishment will result in “some margin pressure” on IHH Healthcare’s Singapore operations until the middle of 2025, given that Mount Elizabeth has nearly halved the number of operating beds since the start of 2024 for the retrofitting works, said group chief executive Prem Nair.
“We expect by Q1 or Q2 next year to add 25 per cent of the beds back, and the remainder of the beds later in 2025,” he said in a briefing held on Thursday (Nov 28) with the announcement of its results.
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