ebulletin

October 1, 2025
iRad and Melco to launch private medical center at Studio City in October 2025
Hong Kong-based medical group iRad will establish a private hospital within the Studio City integrated resort in Macau, under a newly signed agreement with Studio City Retail Services Ltd. (SCRS), a subsidiary of Melco International Development Ltd.
According to Melco’s stock exchange filing, iRad has secured the rights to operate a medical facility specializing in imaging and diagnostic services. The hospital is slated to open by October 1, 2025, with the initial contract running through November 30, 2034, and options for two five-year renewals subject to mutual agreement.

Prime Location and Turnkey Setup
The facility will occupy 12,618 square feet (1,172 sqm) within Studio City. SCRS will procure and install all medical equipment, ensuring a turnkey setup for iRad. This strategic placement within a high-traffic resort positions the hospital to serve both local residents and international visitors, aligning with Macau’s growing focus on medical tourism.

Financial Structure and Support Commitments
To facilitate the hospital’s launch and operations, SCRS will provide monthly support payments to iRad, including:
- MOP 2.08 million (US$260,000) per month for the first three months
- MOP 1.25 million per month from month 4 to month 34

These funds will cover capital expenditures (e.g., pre-opening costs, IT systems, office setup) and ongoing operational expenses, particularly staffing. Melco estimates that 92% of support funding will be allocated to labor costs, reflecting the need to attract experienced radiologists and healthcare professionals to Macau’s emerging medical sector.

Revenue Model and Fee Structure
Under the agreement, iRad will pay either:
- A base fee of MOP 694,981 per month, or
- A turnover fee of 1.5% of monthly revenue, whichever is higher
- The base fee will be subject to periodic adjustment over the contract term.

Strategic Implications for Investors and Realtors
Melco views the partnership as a key step in positioning Studio City as a hub for high-end medical services, complementing its leisure and hospitality offerings. The move supports Macau’s broader strategy to diversify beyond gaming and attract new visitor segments.

For real estate stakeholders, the integration of healthcare infrastructure within a flagship resort enhances asset value, tenant mix, and long-term footfall. It also signals growing demand for mixed-use developments that combine hospitality, wellness, and lifestyle services. (Reported by Building.hk)

(Melco)