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Thai Medical Company Hopes to Invest over Three Billion Baht in Health Care.

Bangkok Post (Bangkok, Thailand)

| October 01, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Charoen Kittikanya

Oct. 1--Paolo Medic says it is committed to investing at least three billion baht in the health-care business over the next two years, including a capital increase for the Phyathai Group of Hospitals, which won Central Bankruptcy Court approval to exit its debt-restructuring plan on Monday.

The investments would capitalise on the country's growing health-care business, "using Phyathai Hospital as a springboard for more acquisitions", said Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital.

"And for Phyathai Hospital itself, the shareholding banks are also willing to invest ...

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