Al Hammadi Hospital secures agreements with insurance providers, expects Al Suwaidi Hospital to breakeven in 2Q2016
Al Hammadi Development and Investment Company (4007.SE) announced that it had reached agreements with” all insurance providers”, which would, in turn, allow the company to serve its clients in Al Hammadi Al Suwaidi Hospital. Al Hammadi expects the agreement to boost the hospital’s occupancy rates; hence, accelerating Al Suwaidi Hospital’s breaking even point, making it highly probable to be reached in 2Q2016 , rather than the previously-anticipated point at 3Q2016. (Company disclosure)
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