Melco and iRad to launch medical centre at Studio City in October
A new healthcare development announced for Macau’s entertainment hub.
Key points:
– iRad will establish a private hospital specialising in imaging and diagnostic services at the Studio City integrated resort, set to open by 1 October 2025
– Melco is supporting the project through financing and operational backing to attract skilled healthcare professionals to Macau
Medical company iRad has entered into an agreement with Melco to establish a private hospital at the Studio City integrated resort in Macau.
According to a recent stock exchange filing, Studio City has granted iRad the right to operate a hospital focused on imaging and diagnostic medical services. The facility is expected to open by 1 October 2025.
The hospital will occupy 12,618 square feet within Studio City and will be fully equipped with medical technology purchased and installed by SCRS. The initial contract will run until 30 November 2034 with renewal options available.
Financially, SCRS has pledged to provide monthly payments to support iRad. These payments will cover both capital expenditure and day-to-day operational costs with the majority, 92%, earmarked for hiring experienced medical staff.
Good to know: The hospital agreement includes renewal options for up to ten additional years, ensuring long-term healthcare investment in Macau
As part of the agreement, iRad will pay either a fixed base fee of MOP 694,981 ($86,178) per month or 1.5% of monthly turnover, depending on which amount is higher. The base fee will be subject to periodic adjustments over the course of the contract.
The move marks a step forward for Macau’s growing healthcare landscape, positioning Studio City as a hub for medical services.
Melco stated: “Industry support is expected to be allocated approximately 8% towards capital expenditures, and 92% towards operational expenses, primarily labour costs for engaging experienced radiologists and medical staff, reflecting the need to bring experienced medical professionals into Macau’s relatively new healthcare market.”
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