Columbia Asia to Expand Hospital Network

Columbia Asia (Selangor, Malaysia), part of Columbia Pacific Management (Seattle, WA, USA), plans to invest around USD 150 million to expand its hospital network in India and South-East Asia.

Currently, Columbia Asia manages 26 hospitals and one clinic in Malaysia, India, Indonesia, and Vietnam, which provide services to around two million patients per year. The company intends to increase its network to 34 hospitals and one clinic by 2018. Just in the last few months, Columbia Asia has launched four new hospitals in Jakarta and Semarang (Indonesia), as well as Bangalore and Ahmedabad, in India. The hospital system also manages five hospitals in Kuala Lumpur (Malaysia), and is planning to open a sixth one in 2016 and a seventh in 2017.

“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% of our patients have coverage,” said Nate McLemore, managing director of 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.”

Each Columbia Asia medical facility houses no more than 100 beds per hospital, with the concept behind the simplicity oriented towards future healthcare trends - efficiency, accessibility, and cost-effectiveness. The model allows Columbia Asia to offers affordable medical services through community hospitals and clinics located in residential areas, making private healthcare more accessible and efficient for patients. Moreover, rate structures are transparent and comparatively lower than the standard model for private healthcare.

Related Links:
Columbia Asia
Columbia Pacific Management