Middle East Healthcare Company (Saudi German Hospital) announces commercial opening of Saudi German Hospital in Hail , owned by National Hail Company for Healthcare. Middle East Healthcare Company (Saudi German Hospital) announces commercial opening of Saudi German Hospital in Hail, owned by its subsidiary National Hail Company for Healthcare
- Saudi German Hospital Hail owned by National Hail Company for Healthcare in which Middle East Healthcare Company owns 32.33% and also having Hospital Management Agreement will be opened on 16/02/2017G corresponding to 19/05/1438H.
- The Hospital will start receiving patients from 17/02/2017G corresponding to
- The required medical equipment installation and testing have been successfully completed and the required medical and administrative staff have been appointed and are in place.
- The management expects to have financial effect on the company during the year 2017G to be as follows:
a. Increase in number of outpatient clinics from 314 to 344 clinics.
b. Increase in bed capacity from 837 to 987 beds.
c. Financial effect shall start in Q1 2017.
d. Growth in total revenue for 2017 is expected to be 2.50%.
e. The share of Middle East Healthcare Company’s operating loss is expected to be SR7.5 million for the year 2017.
Further developments on the company’s financial results will be disclosed through the