, Singapore
176 views

Revival of foreign patients to uplift Parkway REIT’s hospitals: analyst

Foreign patients accounted for 25% of hospitals’ revenue.

As medical tourism recovers, Parkway REIT’s Singapore hospitals will be seeing recovery as 25% of their revenue relies on foreign patients during the 2019 period.

In UOBKayHian's brokerage report, Parkway REIT’s hospitals in the Lion City have been uplifted by reopening of borders in April 2022.

In fact, the REIT’s revenue intensity went up 23% in the first half of 2022.

“Foreign patients have returned in significant numbers after Singapore reopened its international borders in April 2022. This was offset by a significant tapering of COVID-19 related services,” said UOBKayHian.

It also noted the REIT' further expansion in Japan, which includes the acquisition of two nursing homes.

“PREIT trades at a premium due to its resiliency and the scarcity of its healthcare properties,” said UOBKayHian.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!