Monday 6 August 2018

Quick look at Raffles Medical Group



Base on this article, Raffles Medical Group (RMG) has 168 beds. RMG is to ramp up an addition of 200 beds in the extension wing, which effectively will more than double the revenue of hospital services. However the beds are coming in slowly, 50 beds during opening and another 50 in FY2019. This mean RMG's revenue will increase 56% over the next few years, excluding any effects from china operations.

Beijing and Shenzhen, where Raffles already operates clinics, want hospitals, too. Loo says he'll expand at a measured pace. "We want to make sure we will manage them well. We are not in any hurry." ---- Forbes Asia Interview with Loo Choon Yong

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