bullish
Bumrungrad Hospital (BH TB): International Business Is Roaring Back; Greenfield Project Approved
312 Views09 Jul 2023 17:30
SUMMARY
- Bumrungrad Hospital Pub Co (BH TB) recorded 48% YoY increase in revenue from hospital operation to THB6 billion in 1Q23, mainly driven by 78% YoY revenue growth from non-Thai patients.
- International patients contributed 55% of total revenue in 1Q23. Middle East and Indochina remained the two most important growth drivers, with YoY revenue growth of 147% and 60%, respectively.
- The company is constructing a 150-bed boutique hospital in Phuket, one of the world’s most coveted island travel destinations, thereby opening immense opportunity for medical tourism.
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Tina Banerjee
Global Healthcare Analyst
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