The province Phang-nga in southern Thailand could welcome a new multi-billion baht wellness hospital and resort development as part of a new plan to attract individual investors.

The Bangkok Post reports V Plast Medical Group is aiming to submit a permit to operate a clinic and launch a wellness programme early next year.

Developed in conjunction with Cissa Group, the second phase will see the construction of a 30-bed hospital, while the third and final phase will be the development of a medical centre complex with a 100-bed hospital.

The project is scheduled to be completed in two years and operational in 2023.

Autthanop Pandkamnerd, Cissa chief executive, told the Post the project would capitalise on the medical tourism industry.

"The project will be introduced to individual investors, with starting investment of 1 million baht per person," he said.

According to the Post, Mr Autthanop said the project would be sold to a holding firm Cissa and V Plast plan to set up with registered capital of 2.5 billion baht, of which Cissa will hold a 50 per cent stake and V Plast 10 per cent, with 40 per cent sold to individual investors.

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