Singaporean company acquires Ho Chi Minh City-based FV Hospital in $381mn deal

Singapore’s Thomson Medical Group has inked an agreement to purchase FV Hospital in Ho Chi Minh City for VND9 trillion (US$381.4 million), making the acquisition the largest-ever healthcare deal in Vietnam. According to Deputy Minister Thuan, Vietnam is home to over 1,500 healthcare facilities and offers several hi-tech healthcare solutions, such as in vitro fertilization (IVF) and transplantation. The number of Vietnamese going abroad for medical treatment has dipped significantly over the past few years. Private healthcare facilities currently account for a mere seven percent of Vietnam’s medical treatment and examination system. Each complex will feature a hospital, a medical university, and a research institute.