The source for all Tourism, Hotel and Real Estate news in Phuket.

Bangkok Hospital Buys Phuket Competitor

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 28 Aug 2014 | 2:13 pm

According to a filing with the Stock Exchange of Thailand, the listed Bangkok Dusit Medical Hospital (BGH) has acquired the entire business of Phuket International Hospital.

The transaction is valued at THB3.6 billon in cash and THB416 million in shares of the company.

While the sale is expected to be finalized before year end, the process still involved due diligence.

Long time residents still call PIH under its previous name Siriroj Hospital.

Bad news may be on the horizon for those who patronized the institution given Bangkok Phuket's higher pricing structure.

DO YOU LIKE THIS?

Post a Comment

Your comments will appear after approval. Please stay relevant to this blog entry.

 
 
 
 
 

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

Zeavola Earns Sustainable Award

Koh Phi Phi's Zeavola resort has won a five-star award in the sustainable hotel in Thailand category.

Krabi Power-Plant Setback

A wide-spread public outcry over a proposed coal-fired power plant in nearby Krabi has seen the project's environmental permit denied.

 
 
VIDEO FEATURES

Phuket Hotel Market Update - February 2015

More Videos...

 
 
 

Stay Connected

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • Instagram
  • Follow Us on Pinterest
 
CURRENCY CONVERTER
 

*Disclaimer.

 

Insider Contact

Please complete all fields.