RATCH JOIN FORCES WITH PRINC TO EXPAND HEALTHCARE BUSINESS NATIONWIDE, ENHANCING THE COUNTRY’S PUBLIC HEALTH SYSTEM, ACCESS TO QUALITY HEALTH SERVICE FOR PEOPLE

Mr. Kijja Sripatthangkura, Chief Executive Officer of RATCH Group Public Company Limited said that healthcare business in Thailand has significant long-term growth potential due to aging society and social behavior of health consciousness increasing, as well as COVID-19 pandemic as a catalyst for growing healthcare value chain; including medical care & wellness service, pharmaceutical business, nutritional supplements, medical supplies &  equipment, and medical & healthcare innovation and technology. In addition, the company considers that investment model of healthcare and power generation businesses are similar as it is capital intensive and time-taking for returns. More importantly, it is relevant to people’s daily life creating a positive impact on society and the economy as a whole. This assures that RATCH Group is readily prepared for managing risks and returns on investment wisely and efficiently.  

“The company views that healthcare business has a great potential for future growth but penetrating into it requires specific expertise. RATCH completely entered into the business when PRINC having extensive healthcare experience and expertise management team looked for a strategic partner. At the beginning of synergy, both will collectively drive PRINC’s strategic plan and target by focusing on building operation bases in secondary-city across the country in order to enhance access to quality healthcare for people, providing service and cost management through innovation and cutting-edge technology, and fostering community, society and environment. That also corresponds to RATCH’s commitment.

The company is confident that PRINC’s strategic growth plan will be pursue to achieve its target and bring the company’s sustainable growth, as well as further collaboration of both companies in the future,” Mr. Kijja added.

Dr. Satit Viddayakorn (Ph.D.), Managing Director and Chairman of the Executive Committee, Principal Capital Public Company Limited said that the meaningful collaboration will lead us achieving 20 hospital target in 2022, increasing from current 11 hospitals located in 10 provinces, and expanding the primary care networks, known as gold card clinic, from current 13 clinics to 100 clinics nationwide by 2022.       

In addition, both RATCH and PRINC similarly view on growth trend of healthcare business, especially the elderly, which still has huge opportunities. They are ready for cooperation in technology and innovation development in aspects of health, clean energy and relevant areas in accordance with PRINC’s commitment. PRINC also pays attention to human development by implanting giving-mindset enabling the company’s growth along with sustainable society, community, and environment.

“We appreciate RATCH for believing in PRINC. Previously, RATCH had thoroughly studied PRINC’s business and finally been confident in our efficient hospital management under Shared Service Model. Importantly, we have a team of doctors, personnel and management teams that have capability to serve our expansion of hospital and other health businesses in the future. We believe that PRINC is able to provide patient care together with creating shared values in all areas where the hospitals are located and expect RATCH to help us achieve our goal of being a leader in healthcare digital platform to create a better experience and quality of life for Thai people, especially in secondary cities with the opportunity to have access to a good public health system.

We are confident that PRINC can provide health care service together with creating shared value for stakeholders in all locations of hospitals. With RATCH’s support, we are able to achieve our goal as a leader of medical digital platform which will bring better experience and quality of livings by access to quality health system for Thai people, particularly in secondary cities,” Dr. Satit said.               

PRINC committed to building a strong alliance to develop medical care service in insufficient locations, and also complement to public medical services. Fortunately, our partners are truly dedicated to social, community and environmental care, namely International Finance Corporation (IFC), a financial institution affiliated with the World Bank Group and RATCH. These partnerships help PRINC to stay on its path to becoming an organization that creates personnel with hearts who care for the sustainable development of people, communities and society.