BDMS Announces Sale of Shares Bumrungrad Hospital, total 22.7%, worth 18.6 billion baht

Bangkok Dusit Medical Services Public Company Limited or BDMS disclosed through the Stock Exchange of Thailand (SET) that the Company entered into a purchase and sale agreement of ordinary shares. Bumrungrad Hospital Public Company Limited or BH that the company holds 180,715,806 shares or 22.71% to the buyer at the price of 103 baht per share, totaling 18,613.7 million baht.

On 24 Nov 2020, the company has received confirmation from the buyer. About the certainty of funding sources The company expects to sell some of its investment in BH ordinary shares through Trade Report (Big Lot) in the SET, initially 90,500,000 shares at a price of 103 baht per share or equivalent to 9,321.5 million baht within Date 26 Nov 2020

However, for the remaining 90,215,806 BH shares or 11.34% of BH’s issued and paid-up shares, the transaction is expected to be completed in Dec 2020. Of course, in financing the buyer.

BDMS’s business is the country’s large private hospital operator. With network hospitals in Thailand and Cambodia Operated under the name of the hospital group of 6 groups are Bangkok Hospital. Samitivej Hospital Group, BNH Hospital, Phyathai Hospital Group Paolo Hospital Group And the Royal Hospital Group In addition, the company network Bangkok Dusit Medical Services PCL also includes businesses that provide medical support, namely the medical laboratory business. Pharmaceutical business and saline production business etc.