Digital healthcare and telemedicine businesses have grown exponentially over the past year-and-a-half thanks to increased demand for online medical services as patients avoid travel to hospitals.
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.
A banner year for M&A deals
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Despite the pandemic, there were many large merger and acquisition agreements
published : 25 Dec 2020 at 07:00
1 A woman pushes a shopping cart in front of a Tesco Lotus store in Bangkok. CP Group s acquisition of the hypermarket chain was one of the largest deals this year. (Photo by Wisit Tham-ngern)
Merger and acquisition (M&A) activity looked strong at the beginning of 2020 with numerous transactions, including the acquisition of the Ninth Towers office building and Unilever House office building projects (US$186 million and $50.4 million, respectively) by CPN Retail Growth Leasehold REIT.
In the first quarter of 2020, according to international consulting firm KPMG, the real estate, infrastructure and construction sectors contributed 83.5% of the $1.36 billion M&A transaction value.