HealthInvestor Asia Summit 2018
Financial intelligence for Asia's healthcare markets
Remember me:

Thailand: Q3 profits are golden at Thai hospital operators

The quarterly figures are mostly in for the listed hospital operators in Thailand and the news is good. After a quiet second quarter the biggest operators in Q3 have seen profits grow in the high single figures, while it has been a case of double digit growth for the smaller players.

Bangkok Dusit Medical Services, the largest private hospital operator in Thailand, has reported a 9% rise in Q3 profits to Bt2.4 billion (US$73 million) on revenues that increased 7% to Bt19.5 billion.

Hospital revenue growth was driven by an increase in the number of patients and an increase in prices both in Bangkok and upcountry.

Significantly in the quarter, TRIS Rating has affirmed the company at AA minus.

Bumrungrad Hospital, the country’s second-largest listed hospital operator, has reported a 9.3% rise in net profits for the quarter to Bt1.1 billion on revenues that grew 5.5% to Bt4.9 billion.

This was mostly due to the increase in revenues from Thai and non-Thai patients by 1.9% and 8.9%, respectively.

The company reported a 5.2% rise in the cost of hospital operations for the quarter, which is favorable when compared to the 5.5% growth in revenues.  This contributed to a quarterly reduction in the percentage of cost to revenues from hospital operations from 57.2% to 57.1%.

Hospital group Bangkok Chain Hospital has reported a 24.9% rise in Q3 profits to Bt365.6 million on revenues that were up 14.1% to Bt2 billion. Results were driven by a rise in revenue from the country’s social security scheme and a 30.8% jump in revenue from universal coverage.

Hospital operator Samitivej Public Company has reported a 34% rise in net profits to Bt494 million in revenues that were up 12% to Bt2.9 billion.

The company said that the significant increase in net profits came from an increase in revenue and the number of patients.

Chularat Hospital, which operates 13 clinics and hospitals, has reported a 4.9% rise in quarterly profits to Bt168.2 million; Nonthavej Hospital has reported a 19.3% rise in Q3 profits to Bt104.5 million; and Ayutthaya-based Rajthanee Hospital has reported a 47.5% jump in profits for the quarter to Bt71.9 million.

Posted on: 13/11/2017 UTC+08:00


Paragon Care, a leading distributor and manufacturer supplying medical equipment to hospitals, is to raise A$69.8 million (US$54.6 million) in a fully underwritten offer on the ASX.
Parkway Life REIT, which is owned by IHH Healthcare, is to acquire Konosu Nursing Home Kyoseien, a nursing rehabilitation facility in Greater Tokyo, under a sale-and-leaseback agreement with Iryouhoujin Shadan Kouaikai for ¥1.5 billion (US$13.7 million).
New Zealand-based cancer diagnostics company Pacific Edge (PEB) has entered into an agreement with MediNcrease Health Plans, a US national provider network, to make its bladder cancer diagnostic test available.
Beijing-based paediatric centre Dr Cuiyutao Healthcare has raised Series C plus funding led by New Oriental Education & Technology Group. The size of the funding has not been disclosed, but is understood to be in the millions of US dollars.
Kelantan-based Ain Medicare, which manufactures both blood and renal medical devices as well as pharmaceutical products, has raised M$20 million (US$5.1 million) in a strategic investment from Malaysian government investment company A-BIO.
Anthea Muir has been named chief executive of Australian cosmetic clinic chain Laser Clinics Australia with Paul McClintock as chairman. Muir comes from Luxottica Group while McClintock is best known as the former chairman of Medibank Private.
Harmonicare Medical, the largest private obstetrics and gynaecology specialty hospital group in China, has increased its loan to help the Rmb160 million (US$25.3 million) construction of Wuxi Harmonicare, a new obstetrics and gynaecology hospital in Wuxi, Jiangsu Province.
Higher sales have given a boost to third quarter results at medical rubber glove manufacturer Hartalega Holdings.


A new paper from KPMG looks at the disconnect between consumer expectations and the current healthcare experience of patients in Australia.
Gan Kim Yong, Singapore’s minister for health, explains why integrated care is important in the context of an ageing population.
Not having featured before 2015, Chinese investment in Australia’s healthcare sector has surged over the past three years. It has reached A$5.5 billion (US$4.5 billion) across 16 completed deals, according to a new report from KPMG and The University of Sydney Business School.
Michael Griffiths, regional director of healthcare at specialist insurance brokers Howden, explains how insurance is an answer to the region’s healthcare crisis.
Nomaan Mirza, principal equity specialist at the International Finance Corporation, looks at healthcare equity opportunities in emerging markets.
The healthcare industry in Asia-Pacific is expected to grow at 11.1% in 2018, representing one of the fastest growing regions in the world, as the global healthcare economy averages a 4.8% annual growth rate.
Technologist, business leader, and philanthropist Bill Gates explains why global health needs the private sector.
Mitch Beaumont, Prashanth Prasad, Ulrica Sehlstedt and Mandeep Dhillon from international management consultants Arthur D. Little explain how medical technology companies can manage going digital.
my images


Hedge Fund Focus

HealthInvestor Asia twitter feed
HIA Indices