BANGKOK, Sept 29 Bangkok Dusit Medical Services
Pcl (BDMS), Thailand's largest hospital operator,
plans to spend 12.8 billion baht ($370 million) to build a
luxury healthcare centre to serve rising demand from tourists
seeking premium medical services.
BDMS said in a statement on Thursday it will spend 10.8
billion baht to buy land and properties including five-star
hotel Swissotel Park Nai Lert in Bangkok's central business
area. Another 2 billion baht will be spent on developing the
Shares in BDMS fell as much as 5 percent to a seven-month
low of 20.90 baht as investors fretted that the planned
acquisition could strain the company's finances. BDMS said it
will use cash flow, loan and bond issues to finance the project.
The investment comes as the Thai military government seeks
to promote tourism, one of the rare bright spots for Thailand, a
popular destination for medical tourism in particular.
The centre, to be called BDMS Wellness Clinic, will help
promote Thailand's competitiveness as a leading provider of
healthcare services, it said. BDMS said the clinic will focus on
services aimed at promoting longevity, anti-aging, neuroscience
and brain health to serve rising demand from visitors.
($1 = 34.6100 baht)
(Reporting by Khettiya Jittapong; Editing by Kenneth Maxwell)