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Business

Mitsubishi Corp. courts Myanmar's wealthy with new hospitals

Growing Asian demand for quality health care entices Japanese trading house

Mitsubishi Corp. plans to enter the hospital business in Myanmar.

TOKYO -- Mitsubishi Corp. will team with local companies to establish medical complexes in Myanmar, where a growing health care market is being fueled by the increasing number of middle- and upper-class residents. 

The first facility, to cost about 10 billion yen ($90.4 million), will be a general hospital set to open in 2020. The Japanese trading house plans to open over 10 locations in Myanmar, in addition to sites in other Asian countries. The hospitals will invite doctors from Japan in order to target demand for high quality medical services.

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