30th Aug 2018 12:22
LONDON (Alliance News) - VinaCapital Vietnam Opportunity Fund Ltd said on Thursday it will invest USD25 million into Vietnamese private hospital network Tam Tri Medical Joint Stock Co.
The deal gives VinaCapital a minority stake in the firm, and Tam Tri Medical will use the capital expand its current facilities and acquire new one to improve the economies of scale.
"It is estimated that Vietnamese people annually spend over USD2 billion for medical treatment overseas, clear evidence of the enormous opportunity for quality domestic healthcare services. Tam Tri is well positioned to capitalise on that, with well-regarded hospitals and a reputation for medical quality," said Chief Investment Officer Andy Ho.
Shares in VinaCapital Vietnam Opportunity were up 0.3% at 335.02 pence on Thursday.
Related Shares:
VinaCapital Vietnam Opportunity Fund