bullish
Thonburi Healthcare Group (THG TB): Improving Core Operation and Future Expansion to Drive Growth
463 Views24 Jun 2023 15:17
SUMMARY
- Thonburi Healthcare Group (THG TB) recorded 23% YoY increase in non-COVID medical services revenue in 1Q23, mainly driven by higher pay per bed and utilization of inpatient division.
- With the recovery in core healthcare services, THG expects its revenue to grow 10% YoY this year, accelerating from 6% revenue growth recorded in 2022.
- In the next 3 years, THG plans to increase 195 outpatient rooms and 419 beds and is set to spend nearly THB5 billion on capex during 2023–2025.
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Tina Banerjee
Global Healthcare Analyst
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