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Principal Capital to expand portfolio
published : 27 Jan 2021 at 04:00
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Principal Capital Plc, an operator of a private hospital network, plans to divest three commercial properties worth 6 billion baht to add six new hospitals to its portfolio and 100 chain clinics nationwide as well as develop five self-reliance elderly care facilities in Greater Bangkok by 2023.
Managing director Satit Viddayakorn said the company wanted to sell the commercial properties to focus on the healthcare business but will wait until the end of the pandemic. Their combined value of 6 billion baht was estimated before the pandemic, he said yesterday. We will not sell them this year as the prices may be unattractive during the impact on the tourism sector.