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.
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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.
02 February 2024
PRINC Elevates Princ Suvarnabhumi Hospital to World-Class HIMSS Stage 7 Standard, Reinforcing its HealthTech Vision
• Princ Suvarnabhumi Hospital has been awarded HIMSS Stage 7 certification, the highest level of hospital information technology certification. • This achievement demonstrates the hospital's commitment to provide high-quality, internationally-accredited healthcare services. • The hospital's use of information technology helps improve patient care, quality, and safety. • Princ Suvarnabhumi Hospital is committed to continuous improvement of its standards and quality of care.
23 January 2024
PRINC and Siemens Healthineers sign MoU to develop a leading state-of-the-art Cancer Care Center in Southeast Asia
• Siemens Healthineers and PRINC aim to form a strategic partnership to develop a Cancer Center of Excellence in Thailand. • The partnership signifies a commitment towards redefining the future of cancer care, by setting new standards for quality, affordability, and accessibility. Principal Capital Public Company Limited and Siemens Healthineers have signed a Memorandum of Understanding (MoU) to set the foundation for a collaborative partnership to develop a leading Cancer Center of Excellence in Thailand.