Raffles Medical Group - UOB Kay Hian 2023-03-28: 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.

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

Read also UOB's most recent report:
2025-02-25 Raffles Medical - 2024 Results In Line; Share Buyback Announced.

Previous report by UOB:
2024-07-30 Raffles Medical - 1H24 Results Slightly Below Expectations, Margins Remain Soft.

Price targets by 4 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 Dividend Payout Dates & Corporate Actions,
Raffles Medical News