24-Jan-18, Bloomberg Technology
Thonburi Healthcare, Thailand's top-performing health stock, expects to open a hospital in Yangon by Jun-18 to bolster the company's earnings outlook.
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Image: Bloomberg
The USD75 mn, 200-bed facility is part of an THB8 bn (USD253 mn) investment plan through 2020 to expand services in Thailand and other Southeast Asian nations, Thonburi Healthcare Chairman Boon Vanasin said.
Thai hospital operators have sought opportunities in Cambodia, Laos, Myanmar and Vietnam, lured by urbanization and a growing middle class, and seeking engines of expansion beyond Thailand's aging population and medical tourism sector.