St. Stamford Modern Hospital is operated by St. Stamford International Medical ("St. Stamford"), a brand established through a 40-60 joint venture with Guangdong Boai Medical Group Co., Ltd ("Guangdong Boai") to own, develop and operate hospitals and medical services in China. Guangdong Boai is a subsidiary of China Boai Medical Group ("BOAI"), one of the largest private hospital and medical service operators in China.
Over time, St. Stamford targets to grow its portfolio in China's first-tier and second-tier provincial cities. The joint venture enjoys access to Perennial's greenfield and completed integrated developments, as well as BOAI's existing portfolio of hospitals and acquisition pipeline across China.
Perennial owns an effective interest of 40% in St. Stamford.