In today’s briefing:
- Siloam International Hospitals (SILO IJ) – Ramped Up and Reaping the Rewards
Siloam International Hospitals (SILO IJ) – Ramped Up and Reaping the Rewards
- Siloam International Hospitals (SILO IJ) booked a very strong set of 1Q2023 results, despite a seasonally slower period, with all of its ramping-up hospitals now generating positive EBITDA.
- The company saw marked improvement in its patient metric in 1Q2023, both for inpatients and outpatients plus an improving payee mix with more corporate and insurance payments.
- Siloam put through price increases in 1Q2023, which will positively impact the next few quarters. It will also focus more on diagnostics this year as a new area for growth.
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