China Healthcare says wholly-owned subsidiary, Econ Medicare Centre, has been awarded a contract by the Ministry of Health to operate and manage a new nursing home at Yio Chu Kang Road.
This is a first-of-its-kind initiative by MOH to collaborate with a private operator to deliver quality, cost-effective nursing home services with a focus on recuperative care.
The new facility, named Econ Medicare Centre @ Yio Chu Kang has a capacity of up to 88 beds. It will join the 7 other nursing homes managed by the established home grown premium brand, ECON, renowned for its quality rehabilitation, chain of nursing and medicare centres.
China Healthcare’s Group Executive Chairman Ong Chu Poh says: “We are very privileged to be selected by MOH for this project from a pool of nursing home service providers. ECON is committed to work closely with MOH and the Agency for Integrated Care to develop ECON Medicare Centre @ Yio Chu Kang into a uniquely different nursing home. The centre will strive to provide our residents with good quality nursing care and assistance with the clear intent to have them return to their own homes for continual long-term and re-integration into the community.”
ECON Medicare Centre @ Yio Chu Kang is targeted to be operational by June 2011 and is expected to have positive impact on our group revenue and bottom line for FY2012.
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