Hospital Operator Parkway Eyes Indian Profits

Singapore-based healthcare group Parkway Holdings is expecting its clinics in India to start making profits in 2007, although its medical centres in Vietnam and China will continue to incur losses. Parkway - which has a market value of roughly US$1.2bn - has been focusing its expansion on India and China recently, as it seeks to diversify its business away from its network of hospitals in Singapore. Usually, the company expects the a gestation period of two to three years before a recently established clinic begins to make profit, although in India this may come sooner than expected.

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