IMH Hits Ceiling after Unveiling Revenue Recognition of ฿312Mn in 2Q from Prachapat Hosp.

The share price of Intermedical Care and Lab Hospital Public Company Limited (IMH) rose ฿0.98/share or 29.70% to trade at ฿4.28/share with a trading value of 95 million baht.

The sharp rise came after the announcement of revenue recognition of 312 million baht in 2Q21 from the recent acquisition of Prachapat Hospital, which would lead to a full-year revenue of 650 million baht, a skyrocket from a revenue of 247.75 million baht in 2020.. 

Prachapat hospital provides medical services to various kinds of patients including general patients as well as patients from National Health Security Office’s scheme (NHSO), and Social Security Scheme, focusing on providing services to these patients in Ratburana and Thung Khru District, Bangkok, with the specialized medical personnel and standardized medical devices.

The transaction would strengthen IMH’s ability to generate income growth and maintain profit in the long run, which will positively affect IMH’s performance as well as reducing the income volatility that is resulted from the seasonal effect as most clients usually have the same annual health check-up period during 3Q-4Q every year.

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