, Singapore

Aggressive capacity building to pump life into ailing Raffles Med

The $310m Raffles Hospital extension will remedy intensifying cost pressures.

Aggressive building this year will almost double Raffles Medical's capacity in 2016, which in turn will give its sluggish earnings a life-saving boost.

According to CIMB, the $310m Raffles Hospital extension project will drive a 19% earnings CAGR in FY16-18 and will address concerns of increasing costs and declining medical tourism receipts.

Raffles Hospital has not seen any significant increasei n capacity since its opening in 2001. Raffles Med will also benefit from capacity additions at Raffles Holland Village.

"The capacity limitation of Raffles Medical is long known. New capacity is finally being built and we are optimistic that this is clearly a case of “build-it-and-they-will-come”. We expect the added capacity from the hospital extension to fuel growth for RMG’s hospital segment," stated CIMB.  

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.