Bumrungrad and BDMS to benefit from Thai strong medical tourism
The hospitals’ revenues will grow 10% over the next five years.
Burmrungrad Hospital and Bangkok Dusit Medical Services (BDMS) are set to strongly benefit from the medical tourism trend in Thailand, broker, CGS-CIMB, said.
In its report, CGS-CIMB said BDMS will benefit from expats and foreign tourists in Thailand. It has over 58 hospitals, with two small ones in Cambodia.
“BDMS benefits more from expats and foreign tourists who fall ill while visiting Thailand,” read an excerpt from the report.
Meanwhile, Bumrungrad will target fly-in patients, especially from the Middle East and has expanded referral offices (ROs) during the pandemic. The region now has 83 ROs in 47 economies.
“Given the strong fly-in patient trend, especially from the Middle East, we see BH registering high EBITDA margins and solid earnings growth in 3Q23, read the report.