29th Jun 2016 08:21
LONDON (Alliance News) - Healthcare company Circle Holdings PLC on Wednesday said it has signed 20-year deal with a Chinese investment group to develop a medical centre in Shanghai.
The facility will be positioned for the premium end of the healthcare market, Circle said, and will offer primary care, diagnostic and treatment services.
Circle will provide development and clinical management services on the project under its Circle Harmony brand, a joint venture with Hong Kong-based Deep Sea Capital Ltd.
The facility is due to be operational by late 2017 or early 2018.
"The week after Britain voted to leave the EU, this is a reminder that our horizons as a country remain global. Circle's ambition has certainly always been to work on an international stage. We see this project as the first step in taking our model to one of the most exciting markets for healthcare," said Steve Melton, Circle's chief executive.
Circle shares were untraded on Wednesday, having last traded at 17.39 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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