Donation of $125m to come from family of late banker Khoo Teck Puat
THE Ministry of Health (MOH) is building a regional hospital in Yishun to better serve residents in the northern region of Singapore.
Ms Chua: Appointed chairman of hospital's board of directorsSpanning over 3.4 hectares, the 550-bed hospital will offer a comprehensive range of medical and healthcare services.
The new public sector hospital will be named Khoo Teck Puat Hospital, following the promise of a donation of $125 million from the family of the late banker and philanthropist.
A new entity, KTPH Pte Ltd has been incorporated under MOH Holdings to own and operate Khoo Teck Puat Hospital.
A board of directors, chaired by Jennie Chua, president and CEO of The Ascott Group, has been appointed to guide the strategic direction of Khoo Teck Puat Hospital, a ministry statement said.
The board will ensure that the hospital is managed well with strong corporate governance to achieve financial sustainability, service excellence, and an active programme of development and innovation so that it can deliver on its mission of being a hassle-free and patient-centric hospital, it added.
MOH also noted that Mavis Khoo, representing the Khoo Teck Puat Foundation, has agreed to serve as a member of the board.
Khoo Teck Puat Hospital will be run by the existing team running Alexandra Hospital and will continue to be led by Liak Teng Lit, chief executive officer.
The incorporation of the hospital provides the team with the opportunity to try out innovative models of care delivery and coordination, as well as eliminate wastage that stands in the way of efficiency, with a view to improving healthcare for Singaporeans.
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