Liak Teng Lit takes on his new roles early next month
Perennial Real Estate Holdings has hired health care industry veteran Liak Teng Lit to serve as CEO of its rapidly expanding healthcare division, and COO of the Singapore-listed property group.
The top level hire was announced by Perennial on Friday, and comes just over one year after the company announced plans to build up to 40 integrated health care projects in China.
Liak comes to the Singapore property developer from Alexandra Health System, where he had served as CEO for more than four years. Prior to joining the senior management of that Singapore Ministry of Health-backed group, Liak had served as CEO of Alexandra’s Khoo Teck Puat Hospital, and also worked in management roles with Alexandra Hospital, Changi General Hospital and Toa Payoh Hospital.
Liak takes on his new duties effective March 6th, and will be replacing Goh Soon Yong in both roles on the same day. Goh is said to be leaving the company for personal reasons.
Bringing in Some Healthcare Help
In announcing the new hire, Perennial CEO Pua Seck Guan indicated that Liak’s expertise will be a new dimension to the company’s growing healthcare division. In January of 2016 Pua declared that Perennial would build 20 to 40 integrated healthcare and senior living facilities across China.
McKinsey and Company has projected that health care spending in China will grow from $357 billion in 2011 to $1 trillion in 2020, making the industry a major investment target.
Perennial already has integrated healthcare and senior living projects underway in Chengdu and Guangzhou.
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