In 2019, Praram 9 Hospital Public Company Limited posted satisfactory performance. Our main focus is in the area of holistic health care, health promotion & wellness
Increased awareness and interest in health and wellbeing among Thais has resulted in continuous growth in the healthcare business, especially in the hospital and medical services sector. This is evidenced by the expansion in facilities and new investment of many healthcare business operators. Key factors supporting this trend are increasing population numbers, the arrival of the graying society and public demand for high quality services and convenience. At the same time, more foreigners are coming to Thailand seeking medical services, attracted by the government’s medical tourism promotion policy and its intention to make Thailand an international medical hub.
In 2019, Praram 9 Hospital Public Company Limited posted satisfactory performance. We recorded total revenue of Baht 2,890 million and revenue from hospital business of Baht 2,849 million, grew by 5.7% and 5.5%, respectively, compared to the previous year. We also achieved net profit of Baht 284 million, grew by 80.9% from the previous year. As of December 31, 2019, we had total assets of Baht 4,717 million, total liabilities of Baht 678 million and shareholders’ equity of Baht 4,039 million. Our main focus is in the area of holistic health care, health promotion & wellness for all those who wish to live a healthier life. We have introduced advanced technology to enhance patient safety and increase internal operational efficiency and capacity as we move forward to becoming a digital hospital. In addition, the company concentrates on sustainable development, including nurturing good relationships with customers and stakeholders, making social contributions and preserving the environment.
For the directions in 2020, we still continues to implement our strategic plan with focus on increasing revenue from continuous growth of both Thai and foreign patients as well as expanding hospital spaces for increased services resulting from the opening of building extensions to accommodate new service recipients, complicated patients in the current building as well as potential health insurance customers. We also emphasize increasing broader corporate brand recognition for the general public via social media channels within appropriate budget and adopted technologies to create maximum benefits for patients to enhance convenience and efficiency in stepping up to the position of digital hospital in 2020.
In the coming year, we will continue to work towards achieving our business goals and supporting economic and social development. Ultimately, our aim is to enhance our service quality and efficiency to meet the highest international standards in order to become a leading private hospital with sustainable growth in the future.