Press Releases
 
Thonburi Healthcare Group (SET:THG) Eyes Leadership among Integrated Healthcare Providers

Expands Thai Operations to Tap Aging-Society-Driven Demands, Co-invests in China, Myanmar to Boost Growths

BANGKOK, 7 December 2017 -- (ACN Newswire) -- After reaching the first trading day, Thonburi Healthcare Group PCL (SET:THG) is now moving forward to secure leadership among integrated healthcare providers by drawing on its four decades' experience in providing healthcare and medical solutions, investing in Thonburi Rehabilitation Hospital, Jin Wellbeing County and Thonburi Hospital and Thonburi 2 Hospital expansion projects in Thailand and co-investing in hospital projects in China and Myanmar to achieve stable growths.

Dr Boon Vanasin, Chairman of the Board, THG, a leading integrated healthcare provider that is fully equipped with modern technologies and positions itself as the "Lifetime Health Guardian For All", revealed that, after successfully floating its shares (ticker symbol: THG) on the first trading day, THG is now ready to pursue leadership among integrated healthcare providers by investing its capital in healthcare-related businesses both locally and internationally and converting its extensive medical know-hows and expertise and more than four decades of experience into stable growths.

THG is working to expand its operations both locally and abroad. Investment projects in Thailand include (i) Thonburi Rehabilitation Hospital located on Bamrung Maung Road, which is expected to become operational in 2018 to serve rehabilitation and physical therapy patients; (ii) Jin Wellbeing County Project as a community of the elderly on approximately 140 rai or 22 ha land in Rangsit area with an integrated healthcare centre, the first phase of which is expected to be completed in 2018-2019; and (iii) the expansion of Thonburi Hospital and Thonburi 2 Hospital.

The company is also enhancing its overseas presence. It has acquired a majority stake (58%) in a Chinese corporate vehicle running Welly Hospital in Weihai, China which has already been officially inaugurated and become fully operational. In addition, it is holding a 10% stake in Aryu International Health Care Company Limited, a joint-venture firm established jointly with Ga Mone Pwint Company Limited, its Myanmar partner, and the management is in the process of increasing the investment proportion to 40%. Ar Yu International Hospital is currently under construction in Yangon and expected to become operational in the second quarter of next year. These projects will increase the company's revenue and growth opportunities in the future.

Ms Vorada Thangsurbkul, First Executive Vice President for Investment Banking Coverage, The Siam Commercial Bank PCL, as Financial Advisor, added that THG is a leading integrated healthcare provider in Thailand and well-known for its high quality healthcare services at affordable prices, as well as its highly qualified medical professionals and state-of-the-art medical equipment that attracts a large number of patients each year.

THG's management have been pushing for expansions to create new growths. The company now has 17 network hospitals, and it is making more investments in healthcare-related businesses to expand both locally and internationally, which will enhance its business potential and its capacity to offer new solutions to patients, and ultimately its standing as a comprehensive healthcare network.

Mr. Payupat Mahapol, Assistant Managing Director, Thanachart Securities PCL, as Lead Underwriter, noted that the funds raised on the Stock Exchange of Thailand will strengthen THG's financial position and enhance the company's capacity to run the expansion projects, and that the company owns a widely well-known brand that is trusted by patients for its four decades' experience in managing and providing healthcare.

Given the planned expansions in Thailand to increase its capacity to service its patients, we believe that THG will benefit from the fact that the country is becoming an aging society, with the elderly (its target group) becoming more populous and the Thai people more health-conscious and willing to pay for healthcare service. Its enhanced overseas presence will also make it become an international healthcare provider. These will be a great opportunity to achieve stable growths in the future.

Contact:
For Thonburi Healthcare Group PCL
Ornanong ('Fah') Pattaravejkul
MT Multimedia Co Ltd
Tel: +66 0 2612 2081 #129
Mobile: +66 8 6884 4458
E-mail:

# # #


Submitted by ACN Newswire, ACN Newswire on Thursday, 7 December 2017 at 6:15 PM
Category: Health Care & Medical
 
Related News

Steroid users can now get the latest news and report from the approved online retailer
Saturday, 15 Dec 2018

Promotion Tips for Plastic Surgery treatment
Friday, 14 Dec 2018

Global Pharma Excipients Market to Witness Growth by Top Vendors
Friday, 14 Dec 2018

Global Point-Of-Care Testing (POCT) Market Growing At A CAGR Of 9.4% During 2018 - 2025
Friday, 14 Dec 2018

Global Medical Microbiology Testing Technologies Market Booming with the Major Players
Friday, 14 Dec 2018

Related Events

12. Wintersymposium München
Saturday, 15 Dec 2018

8th Annual Echo on Marco Island: Case-Based Approach
Monday, 17 Dec 2018

Imaging in Beaver Creek
Monday, 7 Jan 2019

Cardiology Update at Puerto Vallarta: A Focus on Prevention
Monday, 7 Jan 2019

BIOTECH SHOWCASE 2019 - 11th Annual Partnering Conference
Monday, 7 Jan 2019

Latest News

MusConv.com Wins Global Applause For Seamless YouTube To Spotify Conversions
Sunday, 16 Dec 2018

Dance Jewelry Online – Best Place To Buy Dance Jewelry and Costumes
Sunday, 16 Dec 2018

New sleek, hand-held, cleansing bidet for women AND men is now available for funding at Indiegogo
Sunday, 16 Dec 2018

Know What To Wear While Doing Bharatnatyam
Sunday, 16 Dec 2018

Glowing Beauty Duo – Get Younger Skin in 14 Days
Sunday, 16 Dec 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Monday, 17 December 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 12. Wintersymposium München
  • 8th Annual Echo on Marco Island: Case-Based Approach
  • Palo Alto Networks: Holiday Happy Hour
  • Palo Alto Networks: A More Secure Everywhere
  • Palo Alto Networks: CYBER TUESDAY – CYBER SECURITY BEST PRACTICES – LEVEL 1

  • Latest Jobs
    Sorry, there are currently no entries posted here.