Thonglor Pet Hospital plans to list on the Stock Exchange of Thailand next year to raise funds for expansion.
Managing director Boonchu Thongcharoenpoonporn yesterday said the company wanted to make the institution the country's pet-hospital leader within three years.
The listing plan should help the company to achieve the target.
The company plans to increase its number of hospitals from the current five branches to eight in the next three years. Each branch requires a budget of about Bt100 million, he said.
After listing on the SET, the company will grow by 30 per cent during the three-year plan, he added.
Thonglor Pet Hospital plans to develop into a specialist medical centre for pets. It has already purchased medical equipment worth more than Bt30 million and will install computers and tele-medicine to exchange information on treatment between the main hospital and provincial branches.
There are 1,400 pet hospitals nationwide with an overall growth rate of 10 per cent a year, according to the company.
Thonglor Pet Hospital projects revenue growth of 30 per cent this year.
The pet market is valued at Bt10 billion, which covers pet services, food, clothing, fashion and shampoos.
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