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Hospital to Clear Its Accumulated Losses, Expand in Chon Buri, Thailand.
Byline: Charoen Kittikanya
Jun. 7--Samitivej Sriracha Hospital, an affiliate of Samitivej Plc, plans to invest about 200 million baht over the next two years on building renovations and new medical equipment.
"Having come out of the financial crisis, we are now moving in the growth lane and expanding our business," said Somchai Pattana-Anek, director of Samitivej Sriracha Hospital in Chon Buri.
According to Mr Somchai, the funding for expansion is likely to come from an increase in registered capital or loans. The hospital currently has registered capital of 185 million baht.
Like many local firms, the 150-bed Samitivej Sriracha ...
- Hospital to Clear Its Accumulated Losses, Expand in Chon Buri, Thailand.
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...years to overcome. The group operates three hospital chains: Samitivej Sukhumvit, Samitivej Srinakarin and Samitivej Sriracha, Chon Buri. SVH last year reported revenue of 2.97 billion baht, a rise from 2.6 billion in 2004. Of the...