Chularat Hospital to acquire a few hospitals this year

Chularat Hospital to acquire a few hospitals this year (Visual from company website)

Thailand-based Chularat Hospital is in talks to take over two or three hospitals with the size of more than 100 beds each, with an approximate budget of 1 billion baht ($32.26 million)

Managing director Kumpol Plussind said that it would close at least one deal within this year and the source of fund would come from financing as its current debt-to-equity ratio is less than 1.0 times.

The company plans to expand the clinic networks in the special economic zone along the border aggressively over the next two years.

It has allocated the budget of 550 million baht ($17.74 million) for the investment. Of that, it will use 400 million baht ($12.9 million) to add 55 more beds in Chularat 3, 39 beds in Chularat 9 and 48 beds in Chularat 11.

The remaining 150 million baht ($4.84 million) will be used to renovate and increase beds (tfrom 28 o 59 beds) in Chonvaj Hospital, which was acquired last year and scheduled to recommence the operation next year. Also, it will construct a new building in Chularat Hospital in Prachinburi province to add 150 more beds (from currently 376 beds), which will be open in 2016.

Also read: Thonburi to invest $100m in hospital construction

It targets to boost the revenue by 20 per cent from 2.71 billion baht ($87.42 million) in 2014. The managing director said that it will invest in acquiring and setting up new hospitals . The net profit this year will grow 10 per cent from 481 million baht ($15.52 million) last year, in line with the revenue growth.

Currently, 51 per cent of its revenue come from clients who pay by cash and 49 per cent from those who use government welfare. By 2018, the proportion will change to 60 per cent from cash and 40 per cent from government welfare because it will focus more on high-end clients.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.