Thonburi Group makes China deals

 07-Oct-15, Bangkok Post 

Thonburi Hospital Group (THG) has expanded its presence in China through a USD800 mn joint investment with two Chinese firms for hospital development and medical equipment production.

Image: The Nation

Chairman and founder Boon Vanasin said THG and a local Chinese company reached an agreement last week in another joint investment, building a 150-bed hospital worth USD800 million in Weihai, Shandong Province.

With various partners from 2013-14, THG entered into hospital joint ventures in Nanjing, Hangzhou, Hainan and Kunming for a total investment in the period of THB70 bn (USD2 bn). 

But Mr Boon said under its new strategy, the company would find a local partner for each part of China in order to expand nationwide more effectively and rapidly. Over the next five years, the company expects to acquire 10-20 hospitals.

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