Praram 9 Hospital’s foreign patient revenues to drive gross margin growth

Its primary foreign patient base includes the Middle East, Cambodia, and Myanmar.

Thailand’s Praram 9 Hospital (PR9) is projected to improve its gross margin over the next two years, driven by foreign patient revenues, according to a CGS International report.

PR9’s foreign patient revenues increased by 51% year-on-year (YoY) in the fourth quarter of 2024. In contrast, Thai patient revenues remained flat.

For FY24, foreign patient revenues comprised 17% of total revenue, compared to 14% in FY23 and 16% in FY19.

The hospital’s primary foreign patient base includes the Middle East, Cambodia, and Myanmar.

“We expect more foreign patient revenues to rise 13% YoY in FY25-26F vs. 36% in FY24,” the report said.