HYGEIA HEALTH Reports 4% Rise in Patient Visits for First Five Months

Stock News
Jun 17

HYGEIA HEALTH has released its latest operational update.

For the five-month period ending May 31, the group recorded approximately 1.453 million outpatient visits, representing a 4.0% increase compared to the same period last year.

The number of surgical procedures performed reached about 38,000, a 7.6% year-on-year growth.

Within this total, the volume of complex Grade 3 and 4 surgeries was approximately 18,000, showing a significant increase of 15.2% from the previous year's corresponding period.

Operational Highlights and Strategy

Since the latter half of last year, the group's international medical services division has demonstrated strong growth momentum.

Multiple hospitals within the group have progressively expanded their international medical offerings, leading to a continuous broadening of the geographic regions covered by international patients and a steady rise in the number of consultations.

The international medical department has now opened three dedicated floors.

The company emphasizes that medical services benefit from stable and sustainable market demand, and its operations remain robust.

While continuing to solidify its brand reputation, the group is strategically focusing on cancer treatment and the management of critical and severe illnesses.

It is actively developing high-tech diagnostic and treatment services, including complex surgeries, interventional procedures, and endoscopic surgeries.

The group is also diversifying its service portfolio by expanding offerings in commercial insurance-based healthcare, consumer medical services, and international medical services.

This strategic shift has led to a steady increase in the proportion of revenue generated from self-pay services.

Financial Performance and Outlook

Since the beginning of the year, the efficiency of medical insurance claim settlements has continued to improve.

Consequently, the proportion of the group's revenue derived from medical insurance has been gradually decreasing, contributing to a sustained positive trend in cash flow.

Interest-bearing debt has decreased further from the start of the year, and capital expenditures are declining steadily.

The group anticipates a further increase in its free cash flow.

Moving forward, the group plans to enhance returns to shareholders and implement capital allocation strategies that align with creating long-term shareholder value.

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