ParkwayLife REIT - UOB Kay Hian 2023-02-23: Mount Elizabeth Hospital Embarks On Rejuvenation

• Parkway Life REIT has launched Project Renaissance to transform Mount Elizabeth Hospital into an integrated multi-service hub over 3 years. The fertility centre and stem cell transplant centre will be relocated to The Heeren, creating space for the expansion of inpatient hospital-based clinical services. It will add 56 single bed wards to the existing 112.
• Read this at SGinvestors.io -

Future-proofing Mount Elizabeth Hospital (MEH).

• Read this at SGinvestors.io -
• Parkway Life REIT has launched Project Renaissance to transform Mount Elizabeth Hospital into an integrated multi-service hub over 3 years. The fertility centre and stem cell transplant centre will be relocated to The Heeren, creating space for the expansion of inpatient hospital-based clinical services. It will add 56 single bed wards to the existing 112.
• Parkway Life REIT appeals to risk-averse investors who value Parkway Life REIT’s defensive strength due to its healthcare orientation and long WALE of 17 years. Upgrade Parkway Life REIT to BUY. Target price: S$4.49.

Future-proofing Mount Elizabeth Hospital (MEH).

• Parkway Life REIT (SGX:C2PU) launched the upgrading of Mount Elizabeth Hospital (MEH) on 3 Jan 23. The S$350m Project Renaissance, jointly funded by sponsor IHH Healthcare (SGX:Q0F) and Parkway Life REIT (Parkway Life REIT’s share in renewal capex is S$150m), will transform Mount Elizabeth Hospital into a modern and integrated multi-service hub over 3 years.
  • Read more at SGinvestors.io.

Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.