Saturday, 23 November 2013

Thais buy small hospitals in China

The Thonburi Hospital Group has decided to buy more small hospitals in China, in Shanghai and Guangxi. The negotiation for their acquisition is expected to be complete by mid-2014, said Dr Boon Vanasin, chairman of the group. 
Boon said his group's investment strategy was to concentrate on buying hospitals outside the country. It does not plan to acquire new hospitals in Thailand because the market it is already too competitive.
The target is to acquire three or four hospitals overseas that have more than 200 beds each year. Thonburi Hospital Group has already invested Bt70 billion in China.
"In general we want to hold at least 50 per cent of each hospital that we have taken over, but we have to wait and see if the Chinese government will come out with any new policy. This is largely dependent on the reshuffle in the Chinese's government," Boon said.
Full article at The Nation

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