Thomson Medical Group acquires FV Hospital in Ho Chi Minh Metropolis
Singaporean healthcare supplier Thomson Medical Group has acquired FV Hospital, a personal hospital in Ho Chi Minh Metropolis, Vietnam.
The acquisition is valued at roughly VND9 trillion ($381.4 million) and is Thomson Medical Group's first foray into the Vietnamese market, including to its presence in key South-East Asian medical markets similar to Singapore and Malaysia.
It was acquired by Thomson Medical Group following a 'aggressive' bidding course of, which noticed quite a few non-public fairness corporations submit bids for the hospital.
Thomson Medical Group govt vice-chairman Kiat Lim stated: “The acquisition of FV Hospital expands our footprint into three of the area's key healthcare geographies, giving us entry to a thriving market and a deep pool of expertise, whereas we make essential inroads into neighboring nations similar to Cambodia, Laos and Myanmar.
“Just like the long-standing relationship that Singapore and Vietnam share, I stay up for a thriving partnership between Thomson Medical Group and FV Hospital that can proceed to develop 12 months on 12 months to advance healthcare for Vietnam and the broader Southeast Asia area.”
FV Hospital makes a speciality of offering care in additional than 30 medical and surgical specialties, together with oncology, cardiology and orthopedics.
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It has greater than 200 working beds, employs 1,500 workers and serves 250,000 sufferers per 12 months, 25% of whom are foreigners dwelling and dealing in Vietnam.
Following this transaction, FV Hospital's present administration and medical crew will proceed to function the hospital.
The crew is led by Dr. Jean-Marcel Guillon, who co-founded the hospital in 2003.
Dr. Guillon stated: “That is a particularly proud second for FV Hospital, affirming FV Hospital's two-decade journey from its conception, building and continued growth.
“We’re one of many main medical services in Vietnam and with the assistance of Thomson Medical Group's sources and our shared management beliefs, we are going to now be capable of increase even sooner and obtain even better objectives.”
