Singapore hospital chain sees golden gains in China’s surging silver economy

“When people have a certain level of income, they are used to a certain level of medical treatment. It cannot be totally catered for by the government,” Perennial’s chairman and chief executive officer Pua Seck Guan said in an interview.

The government has called on the private sector to expand all things related to elderly care, ranging from the manufacture of diapers and wheelchairs to nursing homes and tailored entertainment options, key elements of the so-called “silver economy” that state media says could reach US$4.2 trillion.