bullish
Bumrungrad Hospital Pub Co (BH TB): Flying High on Return of Medical Tourism
271 Views28 Aug 2022 18:27
SUMMARY
- Bumrungrad Hospital Pub Co (BH TB) reported strong Q2 2022 results, with revenue growth of 64% y/y, mainy driven by a 121% y/y increase in revenue from non-Thai patients.
- Despite international patient volume is recovering, it is still lower than pre-COVID levels. Non-Thai patients contributed 66.2% of total revenue in Q2 2019, higher than 62.3% reported for Q2 2022.
- Thailand targets 10 million foreign tourist arrivals this year, which should augur well for Bumrungrad.
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Tina Banerjee
Global Healthcare Analyst
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