BDMS makes a play for a larger share of Bumrungrad Hospital

Bangkok Dusit Medical Service Plc (BDMS) has made a tender offer for Bumrungrad Hospital, aiming to further enhance its share of the medical facility

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The tender offer – approved by the board on Wednesday 26 February – would see BDMS take over the shares it does not already own in Bumrungrad Hospital, at 125 baht (US$3.95) each – extending its 25-per-cent (182.5 million baht / US$5.8 million) share to 74.8 per cent (546.3 million baht / US$17.3 million). The company also asserted that it was willing to increase its offer by up to 20 per cent (at 150 baht / US$4.74 each) if needs be, which would value the tender at around 102.7 billion baht (US$3.2 billion), rather than 85.6 billion baht (US$2.7 billion).

Following this news, share prices for Bumrungrad Hospital (which operates the Bumrungrad International Hospital in Bangkok's Sukhumvit area and the Ulaanbaatar Songdo Hospital in Mongolia) inflated by 15.5 per cent, increasing the value of each share to 127.50 baht (US$4).

Currently, BDMS (which operates a large hospital network in Thailand, with two facilities in Cambodia) is the largest shareholder of Bumrungrad Hospital, followed by Bangkok Insurance, which has a 14.6-per-cent share of the organisation.