Executives from IFC, the private sector lending arm of the World Bank Group, visited Princ Hospital Suvarnabhumi to promote and support the public health expansion into secondary provinces in Thailand
21 December 2023
IFC Managing Director Makhtar Diop at this occasion announced IFC’s willingness to support Principal Capital’s healthcare network’s plan to expand and improve the quality of public health and make healthcare more accessible to the Thai people in the secondary provinces’ per the company’s target.
Mr. Tanee Maneenut, Chief Executive Officer and Chief Operating Officer of Principal Capital (PRINC) revealed the company’s 2023 plan to expand the hospital network to 20 hospitals, Klai Baan Klai Jai Clinic, a primary care clinic network to 40 clinics, alongside the plan to become a sustainable health network. He also emphasized the company’s willingness to work with local investors that have the capability to expand the health network together with PRINC towards the common goal of improving Thai public health.
About IFC, the institution has made an investment as a partner in Principal Capital Public Co., Ltd. or PRINC since 2019. PRINC is the first private hospital network in Thailand that IFC has invested in. IFC is a financial institution under the World Bank Group which provides financial and management support to organizations in the private sector, especially in emerging markets. This is in line in order to achieve sustainable developments. This is aligned with the organization’s vision, goal, and code of conduct of PRINC’s healthcare network, that is to become an organization that creates people that are “givers”, and to enhance access to healthcare for people in the area of secondary provinces in Thailand.
Latest News
31 March 2026
More Than Treatment—It’s Sustainability! PRINC Hospital Suvarnabhumi Sweeps 2 Major Regional Awards for 4th Consecutive Year at Healthcare Asia Awards 2026
SINGAPORE, March 26, 2026 – PRINC Hospital Suvarnabhumi, operated by Principal Capital PCL (PRINC Group), has achieved a major milestone on the regional stage. Wityavate Rakkulchon, M.D., Co-Chief Executive Officer (CO-CEO), and Ms. Atiya Awachanakarn, Chief Sustainability Officer, represented the hospital to accept two prestigious honors: ESG Program of the Year and Tertiary Hospital of the Year at the Healthcare Asia Awards 2026, held recently at Marina Bay Sands, Singapore.
07 August 2024
PRINC Suvarnabhumi Hospital Partners with Institut Jantung Negara to Enhance Cardiovascular Care in the Region
July 30, 2024 – PRINC Suvarnabhumi Hospital, part of Principal Healthcare and Principal Capital Public Company Limited (PRINC), has signed a Memorandum of Understanding (MOU) with Institut Jantung Negara (IJN), a leading center for cardiovascular and thoracic care in Malaysia. This collaboration aims to elevate cardiovascular care standards in the region. A traditional Thai welcome was given to the IJN delegation by Athiwat Noiprasit, M.D., Assistant Managing Director of Principal Capital Public Company Limited., with representatives from both parties participating in the signing ceremony. The attendees included Somkid Udomkijmongkol, M.D., Director of PRINC Suvarnabhumi Hospital, Ms.Sudamas Boonwan, Director of General Management of PRINC Suvarnabhumi Hospital, Dato' Akmal Arief, Deputy Chief Executive Officer of Institut Jantung Negara (IJN), and Dr. Farina Salleh, Director of Quality at Institut Jantung Negara (IJN), held in the PanSuk Meeting Room, 5th floor of PRINC Suvarnabhumi Hospital, Samut Prakan Province.
17 April 2024
SET joins hands with partners to launch the 4th year of Care the Whale: Zero Waste Station, extending waste sorting to multi-layer plastic
BANGKOK, April 17, 2024 – The Stock Exchange of Thailand (SET), in collaboration with Wat Chak Daeng, Saha Pathanapibul pcl (SPC), Osotspa pcl (OSP), and Principal Capital pcl (PRINC), has unwaveringly promoted environmental sustainability and enhanced quality of life for community dwellers in Khung Bang Kachao, Samut Prakan province through the “Care the Whale: the Zero Waste Station - Khung Bang Kachao” project held for the fourth consecutive year. The initiative is aimed to change behavior of people in the community to segregate waste at source. The waste separation effort this year will be extended to recyclable multi-layer plastic which is prolific and causes environmental problems. The project targets over 40 percent year-on-year increase in waste sent by the community for the separation process in 2024.
07 March 2024
PRINC performs well in Q4. Revenue grows 12.6%, totaling 5,640 million baht in 2023. Number of patients - bed occupancy rate soared. In 2024, moving forward with hospital expansion, elderly care business and related medical businesses.
Principal Capital PCL. (PRINC), a company that operates private hospitals and healthcare businesses under the name Principal Healthcare, reported its Q4 2023 results with a total revenue of THB 1,523 million, an increase of 12.6% year-over-year (YoY). This brings the total revenue for the full year of 2023 to THB 5,640 million. Excluding COVID-19 related revenue, revenue for 2023 grew by 36.1%, driven by growth across all hospitals in the group. Currently, there are a total of 15 hospitals in the group, with 14 already operational across 11 provinces.