Kangning Hospital’s outpatient visits plunge 20% in third quarter
Medical facility operator Wenzhou Kangning Hospital Co. Ltd. (2120.HK) on Tuesday reported its outpatient visits fell 19.6% year-over-year to 142,692 in the third quarter, while average outpatient spending per visit rose 9.8% to 303 yuan.
The company’s inpatient bed-days fell 2.9% year-over-year to 960,524 during the quarter, while total average inpatient spending per bed-day edged up 0.3% to 334 yuan.
Kangning Hospital’s outpatient visits also dropped 15.5% year-over-year to 438,875 in the first nine months of the year, with total average outpatient spending per visit rising 7.6% to 298 yuan. Inpatient bed-days dipped 0.2% to 2.82 million during the nine-month period, and total average inpatient spending per bed-day declined 1.2% to 333 yuan.
Shares of Kangning Hospital opened flat at HK$10.50 on Wednesday. The stock is down 6% from its 52-week high.
By Lau Chi Hang
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