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Praram 9 hospitals have foreign patient income to boost gross profit margin growth

Date:

Employee Reporter

,,,,,

Thailand

Photos from Envato

Its main foreign patient base includes the Middle East, Cambodia and Myanmar.

Praram 9 hospitals in Thailand (PR9) are expected to increase their gross profit margins over the next two years, according to a report from CGS International.

Foreign patient income for PR9 increased by 51% year-on-year in the fourth quarter of 2024. By contrast, Thai patients' income remained flat.

For FY24, foreign patients accounted for 17% of total revenue, compared with 14% in FY23 and 16% in FY29.

The hospital's main foreign patient base includes the Middle East, Cambodia and Myanmar.

“We expect more foreign patient income to grow by 13% in 25-26F, while 26% will increase by 24% in revenue,” the report said.

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