BERMUDA TAKES ANOTHER SHOT AT MEDICAL TOURISM INDUSTRY

Bermuda has announced plans for a major investment as it seeks to revive efforts to launch a medical tourism sector.

Premier David Burt has announced a landmark partnership between the Government of Bermuda and Medical Concepts Consulting and Management (MCCM) through the signing of a Memorandum of Understanding. The project will see the creation of a state-of-the-art medical facility on the island and the launch of Bermuda’s first medical tourism industry.

“This marks a significant step toward making Bermuda a world-class medical tourism destination,” said Premier Burt. “This new healthcare medical facility will bring patients from overseas to our shores, creating new economic activity in Bermuda. It will not compete with, but instead enhance, local healthcare access for Bermuda and its residents.”

The Bermuda Premier also said the new facility will create hundreds of jobs in both its construction and operational phases.

According to a statement from the Bermuda government, “MCCM, an internationally recognised leader with experience in over 300 healthcare projects worldwide, has chosen Bermuda for this privately funded development—requiring no government funding or loans.”

It said the facility will attract overseas patients, generate significant economic activity, enhance local healthcare access, and create hundreds of jobs during construction and operation.

The first phase of construction of the facility, to be called the Bermuda International Healthcare Centre, will cost around $400 million to complete.

Lou Maroun, the chairman and founder of Medical Concepts Consulting Management(MCCM) said: “The first phase begins with three cornerstone developments: an intermediary-stay behavioural health centre which addresses the ever-urgent and growing need for specialised, compassionate and high quality mental health services; a medical hotel designed to provide comfort and convenience for patients and families; and an ambulatory surgery centre equipped with leading-edge technology to deliver same-day surgical care efficiently, safely and at the highest international standards today.”

It was also noted by Premier Burt during the signing of the MOU between his government and the MCCM that a previous medical tourism project initially earmarked for Bermuda some 20 years ago was instead developed in Cayman.

(Image via Government of Bermuda)