Raffles Medical Group pulls in $56.8 million full year profit
Purchase this article for republication
Buy SPH photos
Raffles Hospital. Raffles Medical Group celebrated its 25th anniversary. The private healthcare group started in 1976 with two clinics and now runs more than 60 clinics in Singapore and Hongkong. A higher patient load, together with an improved and increased range of medical services, has helped boost full year profits for Raffles Medical Group by 12.8 per cent to $56.8 million. -- ST PHOTO: JAMES HODSON
A HIGHER patient load, together with an improved and increased range of medical services, has helped boost full year profits for Raffles Medical Group by 12.8 per cent to $56.8 million.
The private healthcare operater's revenue for the year ended Dec 31 jumped 14.2 per cent to $311.6 million.
Raffles medical said the better set of figures came despite increases in healthcare manpower costs owing to industry-wide salary adjustments and other higher operating costs.
In the past 12 months, overseas patient numbers from international insurance companies, medical assistance organisations and the group's other partners have grown.
