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Medical Tourism, Aging Thais Create $13 Billion Hospital Empire

  • Foreign patients boost Bangkok Dusit past Malaysia’s IHH
  • Bangkok Dusit shares rise 29% on Thai aging, China visitors
Interview With John Lee, Executive Vice President Of Bangkok Dusit Medical Services Pcl
Photographer: Dario Pignatelli/Bloomberg

A Thai hospital operator’s shares have surged so much this year that it’s now the most-valuable such business in any emerging market.

Bangkok Dusit Medical Services Pcl’s shares have risen 29 percent in 2018, supported by rising demand from Thailand’s aging population as well as an increase in medical tourism. That pushed its market value to $13 billion, surpassing Malaysia’s IHH Healthcare Bhd., to take the mantle of largest developing-nation company in the industry.