A glance at Perennial General Hospital in Xiqing district, Tianjin. [Photo provided to chinadaily.com.cn]

In September, China announced that wholly foreign-owned hospitals would be allowed to operate in several cities, including Beijing and Tianjin.

Perennial Holdings, which already has an established presence in the country's medical care and eldercare space, immediately took swift action to align its overall healthcare business strategy with the government's policy to open up its healthcare sector.