Thailand's THG allots $100m for Myanmar hospitals
26-Jan-15, Bangkok Post
Thonburi Hospital Group (THG), Thailand's third-largest private hospital group, says it expects to sign a memorandum of understanding with Ga Mone Pwint company to start building two superior-standard hospitals to serve demand in Myanmar.
%20Myanmar%20Business%20Today_Thonburi.jpg "Thailands THG allots $100m for Myanmar hospitals (c) Myanmar Business Today Thonburi")
Image: Myanmar Business Today/Thonburi
Dr Boon Vanasin, the owner of the Thonburi group, which has a network of 22 hospitals in Thailand and abroad with a combined 3,000 beds, plans to spend US$100 million on the two hospitals.
He said THG expected to own 40% of the two new hospitals, with 60% owned by GMP Group, which was founded in 1991 by a Burmese businessman in control of retail, real estate and health care firms.
Dr Boon said THG also planned to build a new 200-bed superior-standard hospital in Mandalay to meet rising demand, adding Myanmar's hospital industry has grown more than 10% each year it measured and was expected to grow up to 15% this year.