Raffles Medical Group - UOB Kay Hian 2023-03-28: Renewed Focus On Transitional Care Facilities With An Upcoming Tender

Raffles Medical Group - Renewed Focus On Transitional Care Facilities With An Upcoming Tender

  • With an ongoing demand-supply imbalance for public hospital beds, patients are being funnelled to private hospitals and step-down care facilities such as TCFs (Transitional Care Facilities). As new additional public bed capacity would only be added from 2024 onwards, the Singapore government has indicated for longer term plans for TCFs to be included into the country’s healthcare system, benefitting private TCF operators such as Raffles Medical (SGX:BSL).
  • - Read this at SGinvestors.io -

Supply-demand imbalance of Singapore hospital beds

  • During the COVID-19 XBB infection wave in 4Q22, Singapore’s public hospitals faced a hospital bed crunch as both COVID-19 and non-COVID-19 patients swarmed public hospitals’ emergency departments.
  • - Read this at SGinvestors.io -
  • Public hospital bed occupancy had risen to 93.1% in 2022, from 87.6% pre-COVID-19, driven by longer stays and the COVID-19 pandemic.
  • The longer waiting times were largely due to a mismatch of demand and supply.
    • Read more at SGinvestors.io.

    Above is the excerpt from report by UOB Kay Hian Research.
    Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.

    Llelleythan Tan UOB Kay Hian Research | John Cheong UOB Kay Hian | https://research.uobkayhian.com/ 2023-03-28

    Read also UOB's most recent report:
    2024-02-27 Raffles Medical - Weaker 2023 Margins In Line With Expectations; Headwinds Persist.

    Previous report by UOB:
    2023-11-07 Raffles Medical - Weaker 3Q23 Performance As Margin Pressure Builds.

    Price targets by other brokers at Raffles Medical Target Prices.

    Listing of research reports at Raffles Medical Analyst Reports.

    Relevant links:
    Raffles Medical Share Price History,
    Raffles Medical Announcements,
    Raffles Medical Dividends & Corporate Actions,
    Raffles Medical News Articles

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