Chinese multinational conglomerate Wanda Group teamed with the US-based University of Pittsburgh Medical Center (UPMC) to build an international hospital in the Guangzhou Development District.

On Dec 28, the Guangzhou Development District signed a cooperation memorandum with Wanda Group on the 5-billion yuan ($730 million) project.

Founded in 1893, UPMC is a leading American healthcare provider. It currently operates 40 comprehensive campuses, tumor hospitals, heart and transplant hospitals, rehabilitation hospitals and psychiatric hospitals worldwide.

A rendering of the Guangzhou Wanda Pittsburgh University Medical Center International Hospital. [Photo/Guangzhou Daily]

The Guangzhou Wanda Pittsburgh University Medical Center International Hospital is expected to become the highest-caliber hospital of its kinds in China, providing world-class medical services to the Guangdong-Hong Kong-Macao Greater Bay Area and the Pan-Pearl River Delta region.

The hospital will be constructed and operated in accordance with the standards of China's 3A-grade hospitals and the Joint Commission of International Health Institutions (JCI).

Five billion yuan will be invested into the project. [Photo/Guangzhou Daily]

UPMC will send world-class hospital management and technical support teams to help manage and operate the hospital, bringing UPMC's best medical resources, technology, service systems and other high-quality resources to Guangzhou to provide patients with advanced medical services and healthcare.