Updated on 10 September 2014
Columbia Asia opened four new hospitals in Indonesia and India
Singapore: US-based Columbia Pacific Management, provider of hospital systems, plans to invest USD150 million to expand its network to 34 hospitals and one clinic by 2018 in south east Asia and India.
Columbia Pacific Management and its investment partners created the Columbia Asia hospital system with a business model focused on serving Asia's rapidly growing middle class with modern and efficient multispecialty hospitals located close to where patients live and work.
Columbia Asia opened four new hospitals in the last few months in Indonesia and India and has around 8,000 employees serving more than 2 million patients a year in 26 hospitals and one clinic in Malaysia, India, Indonesia and Vietnam.
"When we began opening hospitals, virtually all of the care was paid for directly by the patients but in countries like Malaysia, our hospitals have benefitted from the rapid growth of health insurance to a point where today nearly 70 percent of our patients have coverage," said Mr Nate McLemore, managing director, Columbia Pacific Management. "It is a major shift, and by focusing on delivering value through high-quality care at affordable prices we are uniquely positioned to serve this newly insured population."
Columbia Asia's strategy is to create clusters of hospitals in large urban areas. This allows the firm to achieve operational and brand leverage across the market in each large city. Around the Malaysian capital of Kuala Lumpur, for example, the company has five hospitals, a sixth to open in 2016 and a seventh to open in 2017.