We think the time is right to invest in the future growth of Asian Hospital and to make it a center of medical excellence and innovation in the Philippines and the region.
Bangkok, Thailand (PRWEB) February 21, 2008
Bumrungrad International will invest 318 million pesos in Asian Hospital (http://www.asianhospital.com), one of Manila's leading private hospitals, to meet the growing demand for high quality, private healthcare in the Philippines.
Bumrungrad International Limited assumed management control of Asian Hospital in February 2005, as part of long term restructuring program, and has since turned the hospital around by implementing new management systems, cost control measures and new clinical programs. The hospital now operates at near capacity. Expansion will allow the facility to keep pace with market demand.
The phased expansion program will include the construction of a new 14 story tower to accommodate more clinics, therapeutic services and inpatient rooms. The infusion of new capital is seen as a vote of confidence by Bumrungrad International Limited. The company's CEO, Dennis Brown, in a statement to investors and directors said, "We think the time is right to invest in the future growth of Asian Hospital and to make it a center of medical excellence and innovation in the Philippines and the region."
Mr. Brown says that Bumrungrad International Limited is bullish on the Philippines and Asian Hospital (http://www.asianhospital.com)for several reasons. First, the overall economic outlook for the country is improving and the mid-term fore-cast is positive. Second, strong population growth in the hospital's primary service area is creating more demand for healthcare services. Third, Asian Hospital is strategically located in one of the fastest growing economic zones in the Philippines.
Erik Fox, Asian Hospital CEO, underscores the growth potential of Asian Hospital by noting that the hospital is strategically positioned to serve the fast growing markets in south Manila and the southern Luzon corridor. "Asian Hospital is the only private, tertiary care medical center serving this vital economic zone, and expansion will allow us to better serve this key market," he says.
The expansion of Asian Hospital is just one of several projects Bumrungrad International Limited is undertaking to build and expand its portfolio of businesses. The company is actively exploring new opportunities to meet the growing demand for private medicine in Asia and the Middle East.
About Bumrungrad International
Bumrungrad International is Southeast Asia's premier private hospital and a regional referral center for advanced care, offering 554 beds, 30 specialty centers, 900 medical specialists and over 800 nurses. It is Thailand's first JCI accredited hospital and serves more than one million patients yearly from 190 different countries.
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