‘Nakornthon Hospital Public Company Limited’ files for IPO, highlighting its status as one of the leading hospitals in western Bangkok, with specialized medical centers and expertise in treating complex diseases developed through continuous improvement.
Nakornthon Hospital Public Company Limited has filed with the Securities and Exchange Commission (SEC) to prepare for listing on the Stock Exchange of Thailand (SET). The hospital emphasizes its status as one of the leading hospitals in the western area of Bangkok, located on Rama 2 Road, a new urban area with significant residential development and future population growth potential. The hospital can treat complex diseases and offers services through 21 specialized medical centers with expert medical teams, driven by a commitment to continuously improve medical service quality.
Associate Professor Yanadej Thongsima, Chairman of the Board of Nakornthon Hospital Public Company Limited, revealed that Nakornthon Hospital has been operating for over 28 years. Over this period, the company has consistently developed service quality and medical technology, elevating itself to become a leading hospital in western Bangkok. It can provide treatment for complex diseases (tertiary care) with modern medical technology and has medical personnel specialized in various fields. Initially, it provided treatment for general and less complex diseases (secondary care).
Dr. Wisal Saiphet, Chief Executive Officer of Nakornthon Hospital Public Company Limited, stated that Nakornthon Hospital is a 12-story building with 150 beds, located on Rama 2 Road, a main highway leading to the western part of Bangkok and southern Thailand. It is surrounded by amenities and significant locations such as Central Rama 2 Shopping Mall, BASIS International School Bangkok, community malls, and Bang Khun Thian District Office. Continuous development of transportation networks by the government will enhance connectivity to Bangkok's central business district, potentially making Rama 2 a new urban area. This will lead to urban expansion and increased demand for medical services. Nakornthon Hospital, a tertiary care hospital with leading medical centers and specialists in western Bangkok, sets competitive and reasonable medical fees.
Dr. Siremon Thongsima, Medical Director of Nakornthon Hospital Public Company Limited, stated that Nakornthon Hospital's strengths include:
- Being one of the leading hospitals with expertise and modern medical equipment in western Bangkok, providing comprehensive (One-Stop Service) care.
- Located in a potential new urban area of Bangkok in the future.
- A large and growing customer base, with the number of patients with medical records at Nakornthon Hospital reaching 133,719 by the end of 2023, an increase of 37,270 from 96,449 in 2019, with an average growth rate (CAGR) of 8.51% per year.
- Collaborations with leading hospitals to establish specialized medical centers for complex and general diseases, such as partnering with Bumrungrad Spine Network Co., Ltd. to establish the Spine Center and with Bumrungrad Health Network Co., Ltd. to establish the Nakornthon Cancer Center.
- Ready to provide care for patients of all ages, from newborns to the elderly.
- Providing internationally standard medical services by a team of specialized physicians and medical personnel from various fields.
- Potential to lead in social security hospitals, with plans to construct Nakornthon Hospital 2, focusing on social security patients, with a capacity of 151 beds.
Recently, the company appointed two financial advisors, Siam Commercial Bank Public Company Limited and Trinity Securities Company Limited, and filed the application for securities offering and prospectus with the SEC for an initial public offering (IPO). The company expects to offer up to 135,000,000 newly issued shares, representing no more than 25.23% of the total issued and paid-up shares after the IPO. The company plans to use the proceeds from this fundraising for the Nakornthon Hospital 2 project, Nakornthon Long Life Center project, which will be a comprehensive care center for the elderly and dependent individuals, expanding the bed capacity of Nakornthon Hospital, repaying loans to financial institutions, and as working capital for business operations.
