PRINC invests 300 million baht with Siemens to elevate advanced cancer care

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Summary · why it matters

Principal Capital Public Company Limited, or PRINC, has announced a strategic partnership with Siemens Healthineers to elevate the diagnosis and treatment of advanced cancer, with a combined investment budget of approximately 300 million baht, expanding to two hospitals in its network in the lower northern and lower northeastern regions. The partnership builds on PRINC's network of 19 private hospitals across 15 provinces under its Hub & Spoke business model. The first radiotherapy unit, at Prince Sisaket Hospital, is already in service, while the cancer and radiotherapy centre at Phitsanuvej Hospital in Phitsanulok province is scheduled to open in early 2027. As for business trends in the third quarter of 2026, the company expects continued improvement from the same period a year earlier, driven by the return to a normal high season, which will clearly support growth in patient volumes. PRINC also maintains its revenue forecast for 2026 of growth of no less than 10% from 2025, after first-half revenue of roughly 3.6 billion baht, and it will recognise full-year revenue from Thanakarn Hospital in Kanchanaburi province, as well as Por Pathet 1 and Por Pathet 2 hospitals in Nakhon Ratchasima province.

Impact on assets 2

Aging Population▲ · 1 stocks
Principal Capital Public Company Limited
PRINC
▲ PositiveCapitalrelevance

PRINC invests ~300M baht with Siemens Healthineers to expand advanced cancer care across two hospitals, and maintains 2026 revenue growth forecast of at least 10%.

Health Care▲ · 1 stocks
Siemens Healthineers AG
SHL
▲ PositiveDemandrelevance

Siemens Healthineers is the strategic partner supplying the radiotherapy/cancer care equipment for PRINC's new centers.

Off-coverage companies 4

P.Phaet Hospital 1 (Nakhon Ratchasima)Private± Mixed
relevance

P.Phaet Hospital 2 (Nakhon Ratchasima)Private± Mixed
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Phitsanuwej HospitalPrivate± Mixed
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Thanakan Hospital (PKAN)Private± Mixed
relevance

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