Ho Chi Minh City's FV Hospital is Acquired by Thomson Medical Group

DNHN - The US$381.4 million deal will expand Thomson Medical Group’s footprint in Southeast Asia, adding to its existing presence in Singapore and Malaysia.

Thomson Medical Group, a leading healthcare provider in Singapore, has successfully acquired FV Hospital, in Ho Chi Minh City. The deal, valued at approximately VND9,000 billion (US$381.4 million), marks Thomson Medical Group’s first foray into Vietnam, expanding its presence across key healthcare markets in Southeast Asia, which include Singapore and Malaysia.

Secured after a competitive bidding process that saw several private equity firms placing bids for the hospital, the acquisition was described as a significant milestone by Thomson Medical Group’s executive vice-chairman, Kiat Lim.

“The acquisition of FV Hospital extends our footprint across three of the region’s most important healthcare geographies. This allows us to tap into a growing market with a deep talent pool and provide a platform to expand our services to neighbouring countries such as Cambodia, Laos, and Myanmar,” shared Lim.

“Just as Singapore and Vietnam share a long-standing relationship, I look forward to a fruitful partnership between Thomson Medical Group and FV Hospital that will elevate healthcare quality not only for Vietnam but for the entire Southeast Asian region,” Lim emphasised.

FV Hospital provides services across more than 30 medical and surgical specialities, including oncology, cardiology, and orthopaedics.

Phu Thai