Market for Alternative Investment (mai) will list KT Medical Service pcl, a one-stop hemodialysis provider, on Dec 23 under the ticker symbol “KTMS”. The company has a market capitalization at its initial public offering (IPO) of THB 930 million (approx. USD 26.75 million).
mai President Prapan Charoenprawatt said KTMS will be listed and start trading on mai in the Services industry group.
KTMS is a subsidiary of Filter Vision pcl (FVC) and provides dialysis services at standalone facilities and outsourced hemodialysis centers at hospitals. The company has three subsidiaries in which it holds 85-100 percent stakes. The subsidiaries operate related business covering design, installation and maintenance of water purification system, distribution of hemodialysis machine, production and distribution of hemodialysis solution, and design and installation of pneumatic tube carrier systems.
As of September 30, 2022, the group of companies had 254 hemodialysis machines and 20 hemodialysis centers, of which 17 are in hospitals and three standalone hemodialysis units, covering most regions of the country – two facilities in the Central Plain including Bangkok, 10 in the Northeast, four in the North, and two each in the East and the western region. In the first nine months of 2022, revenue from the hemodialysis units at hospitals accounted for 81 percent of its total revenue and that from the standalone clinics made up 19 percent. Of the overall revenue, 74 percent came from hemodialysis services, 11 percent…