BH gains toehold in Mongolia hospital | Bangkok Post: business

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BH gains toehold in Mongolia hospital

Source: Move follows failure to control BHI

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Bumrungrad Hospital Plc (BH), the country's second-largest listed hospital operator, will be counting on Health Horizons Enterprises Pte Ltd, its new investment arm, to spearhead overseas investment following its failed attempt to gain management control in Bumrungrad Hospital International (BHI). 

According to a BH source, the Thai hospital plans to dilute its 30% stake in BHI, which has been instrumental to the group's international expansion. BHI used to hold a 40% stake in Manila-based Asian Hospital (AHI), but later divested its stake.

Health Horizons Enterprises (HHE) was set up last month in Singapore with registered capital of US$20,000. HHE, in which BH holds an 80% stake, last Friday acquired a controlling interest in Ulaanbaatar Songdo Hospital (UBSD), a leading hospital in the Mongolian capital.

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