HCMC – Thomson Medical Group, led by Singaporean billionaire Peter Lim, has cut a deal to acquire the company holding the shares of FV Hospital in HCMC for a value of US$381.4 million, reported international media.
This marks the largest merger and acquisition (M&A) transaction in Vietnam’s healthcare sector to date.
As part of the agreement, Thomson Medical Group will take the 100% stake in Far East Medical Vietnam Limited, which holds shares in various healthcare facilities in Vietnam, including FV Hospital and a network of primary and specialist clinics.
In a recent press release, the Singaporean firm announced that it would provide an upfront payment of US$359.6 million and an additional amount of US$21.8 million if FV meets certain reputation standards.
The transaction will be funded through Thomson Medical Group’s own capital and borrowings, according to the Singaporean group.
Established in 2003 by French physicians, FV Hospital offers a wide range of medical specialties at its 220-bed flagship hospital. Additionally, FV operates an outpatient clinic in the heart of HCMC. Apart from serving the local population, FV caters to patients from neighboring countries such as Cambodia, Laos and Myanmar.
