Foo also notes that the group – having turned its once-unprofitable Mahkota Medical Centre (MMC) hospital in Malacca and grown Regency Specialist Hospital (RSH) from “an empty building in Johor into an established, profitable hospital” – went on to display consistent growth in estimated core earnings over FY11-16.
SINGAPORE (March 27): OCBC Investment Research has initiated coverage on Health Management International (HMI) at “buy” with a fair value of 80 cents, advocating the counter as a “healthcare provider with an edge” and one that is set for sustainable growth over the long term.
In a report last Friday, lead analyst Jodie Foo highlights the group’s strong track record in management execution along with its unique adaption of an independent clinic model for the hospitals under its umbrella, which has in turn paved the way for better attraction and retention of their doctors.
