Thomson Medical Group has reversed out of the red in FY2021 ended June with earnings of $16.9 million, compared to a loss of $98.0 million in FY2020. 

This came on the back of a 11.2% increase in revenue to $240.4 million from $216.1 million last year with all business segments seeing improvement. 

Revenue from Hospital and Specialised Services segments grew by 4.0% and 23.9% respectively. The growth was mainly due to higher overall patient loads and increase in average bill sizes as a result of business recovery from Covid-19 impact. Its core services of obstetrics, gynaecology, and paediatrics saw growth. 

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