Ratch acquires 9.9% share in BCIL
Ratch acquires 9.9% share in BCIL
SET-listed Ratch Group has acquired a 9.9% share totalling 190 million baht in Bangkok Chain International (Lao) Co (BCIL) to co-invest in a new hospital in Vientiane as it sees an opportunity in the growing healthcare industry.
The share purchase agreement made on July 30 is in line with the Lao government's plan on social welfare development, with a goal to enhance the public health system and quality of living.
A private tertiary hospital in the Lao capital that has 110 beds is planned in the first phase, with operation scheduled to begin on Aug 19.
Full accommodation capacity is 254 beds.
It will become an alternative hospital for both locals and expatriates, according to Ratch.
The company expects healthcare and wellness businesses will grow as ...