November 10, 2017 / 11:18 AM / a year ago

Overseas patients drive profits at Thai hospital operator BDMS

BANGKOK, Nov 10 (Reuters) - Thailand’s largest private hospital operator, Bangkok Dusit Medical Services (BDMS) , reported better than expected third quarter profits on Friday after attracting more patients from overseas.

BDMS, which is owned by tycoon Prasert Prasatthong-osoth who also owns Bangkok Airways, operates 45 hospitals. It also booked revenue from two new hospitals in Thailand this year.

Profits of 2.42 billion baht ($73 million) for the three months ending in September were up 3.5 percent from a year earlier and beat market forecasts of 2.17 billion baht based on a Reuters poll of three analysts.

Revenues from patients from overseas grew 8 percent and contributed 27 percent of total revenue, most of them from the Middle East, China, and Australia, BDMS said in a statement.

With its world-class hospitals, Thailand is a medical hub that caters mostly to visitors from the Middle East and countries in Asia, as well as expatriates from Europe, Australia and North America.

BDMS’s hospitals are all in Thailand except for two in Cambodia. ($1 = 33.1100 baht) (Reporting by Chayut Setboonsarng; Editing by Susan Fenton)

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