2016 was the year of preparation for expansion phase in which Bangkok Chain Hospital Public Company Limited (“BCH” or “the Company”) has managed to enhance its hospitals’ quality standard as well as improve efficiency in order to be ready for future expansions on its solid platform. During 2016, the Company has announced the establishment of three new hospitals; 1. Kasemrad Hospital Ramkamhaeng 2. Kasemrad Hospital Aranyaprathet 3. Kasemrad Hospital Prachinburi. The new hospitals shall be located in different catchment areas to serve new cash patients and patients under social security scheme. Moreover, the new hospitals shall also create the referral coverage for patients from the eastern region. Besides the hospital expansion, the Company has announced the renovation projects in which Kasemrad Sriburin clinic - Maesai branch shall be turned into Kasemrad Hospital Maesai. And, Kasemrad Hospital Rattanatibeth, Kasemrad Hospital Sriburin and Kasemrad Hospital Chachoengsao shall be upgraded to a regional referral center for patients in Thailand.
Under the uncertain economic conditions due to external factors and internal factors in Thailand which affected confidence of the consumers and investors, the Company’s performance continued to grow achieving a higher revenue and net profit. In 2016, the Company reported total revenue increased 13 percent over the previous year, to Baht 6,610 million. And, net profit increased 43 percent, to Baht 753 million as a result of efficiency improvement led to higher performance of every hospital under group of the Company.
Apart from efficiency improvement, the Company insisted to ensure the Company’s good governance b declaring intention to join Thailand’s Private Sector Collective Action Coalition against Corruption. In addition, the Company determined to promote social responsibility activities by supporting various charities such as participation in the voluntary medical units to present a donation for royal charities to His Majesty King Bhumibol Adulyadej, supported exercise for good health events, launched mobile medical units to remote communities and provided health check-up and treatment for the paupers.
On behalf of Bangkok Chain Hospital Public Company Limited, I would like to convey my gratitude to all shareholders, customers, financial institutes, private and government sectors, and business alliances for your unwavering trust and supports. Likewise, I would like to express my sincere appreciation to doctors, nurses, and employees for their exertions and dedications to the Company. The Company will strictly adhere to the intention to operate the business in line with ethical principles and good corporate governance guidelines to ensure sustainability and stability of the Company.
Mr.Chalerm Harnphanich, M.D., Ph.D.
Chairman of the Board of Directors