Melco to open diagnostic hospital at Studio City resort in October

Melco Resorts & Entertainment will open a private hospital specialising in imaging and diagnostic services in October 2025 at its Studio City resort, as part of its commitments under Macau’s 10-year gaming concession.

The hospital, occupying 12,618 square feet (1,172 sqm), will be operated by iRad Imaging and Diagnostic Medical Center under a 10-year agreement running from Oct. 1, 2025, to Nov. 30, 2034, with two optional five-year extensions.

iRad is linked to Melco chairman and CEO Lawrence Ho. According to a stock filing, Zedra Asia Limited, trustee of a discretionary family trust benefiting Ho and his family, holds an indirect 40.63% stake in iRad.

The facility is described in the filing as a “fully fitted, world-class private hospital focused on imaging and diagnostic medical services.” Medical equipment will be supplied and installed by Studio City Retail Services Ltd., a Melco subsidiary.

Under the financial terms, iRad will pay a base monthly fee of MOP 694,981 or 1.5% of turnover if higher. Melco will provide support of MOP 2.08 million ($258,000) per month for the first three months, then MOP 1.25 million for months four through 34, covering pre-opening, recruitment, and operational costs. At the end of the contract, iRad may acquire the equipment at a nominal price.

Melco said the project is designed to back Macau’s healthcare sector and will offer discounted imaging and diagnostic packages to employees and guests of Studio City, Altira Hotel, and City of Dreams.

The company said the agreement is intended to put the “Studio City Complex at the forefront of medical tourism in Macau,” and is aligned with its long-term plan to “offer high-quality differentiated products and services, to enhance the leisure and tourism offerings in Macau, as well as to support the well-being of the communities the Group serves.”

Melco added: “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.”

In August, iRad advertised locally for roles in aesthetic medicine, general medicine, radiography, pharmacology and operations.