Thonburi continues expansion both at home and abroad
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.
Apart from the Bt70-billion expansion budget that has been used, the group has set aside another Bt3 billion for the next three years as part of the plan to increase the number of beds in the hospitals it owns. Thonburi Hospital will continue to expand its business both at home and abroad, he said.
The group has budgeted Bt3 billion for domestic investment over three years, to average Bt1 billion a year. The money will be use to acquire doctors’ equipment and medical devices, and to increase the number of beds.
The group believes that the domestic market has the potential to continue growing through opportunities that will open up under the Asean Economic Community. It expects the number of foreign patients seeking treatment in Thailand to increase once AEC is established.
The plan is to add 100 beds to each of three hospitals in Chanthaburi, Roi-Et and Songkhla provinces. Currently each hospital has 200 beds.
However, 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.
The hospitals in Vietnam and Myanmar that it purchased earlier will be operational next year.
“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.