21st Mar 2016 14:50
LONDON (Alliance News) - VinaCapital Vietnam Opportunity Fund Ltd said Monday it has invested USD9.0 million into Thai Hoa International Hospital, to acquire a controlling stake in the healthcare provider.
The fund, which invests Vietnam-based companies, said Thai Hoa hospital currently has 200 beds, with the ability to scale up to 300 beds in the same location, south of Ho Chi Minh City.
VinaCapital Vietnam Opportunity added the hospital is capable of handling more than 300,000 patient visits per year, and said this number is expected to increase significantly through 2016 and 2017 due to a government program to establish public private partnerships between hospitals, as well as the loosening of National Health Insurance regulations that will take effect in the second half of 2016.
Shares in VinaCapital Vietnam Opportunity were down 0.3% at USD2.49 on Monday.
By Hannah Boland; [email protected]; @Hannaheboland
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