Warburg Pincus, a fund that has invested a total of 2 billion USD in Vietnam, announced its investment in Xuyen Asia General Hospital System.
The two sides signed a joint venture cooperation agreement on the morning of April 15 and the specific investment amount was not disclosed. Previously in 2023, Warburg Pincus evaluated the Trans-Asia General Hospital System as a potential investment project.
Xuyen A Hospital Investment Joint Stock Company was established in 2012 and began welcoming patients in May 2014. This is the unit with the leading large private general hospital system in the South, with 4 hospitals in Ho Chi Minh City, Vinh Long, Long An, Tay Ninh. Each hospital has the ability to expand to receive up to 1,000 inpatient beds, along with 20 specialties.
Dr. Doctor. Nguyen Van Chau, Founder and General Director of Xuyen Asia General Hospital System, said capital from Warburg Pincus will help expand investment scale, improve the quality of the medical team and patient care.
On this occasion, Xuyen A also announced the establishment of a high-tech Oncology Treatment Center, becoming one of the few private hospital systems in Ho Chi Minh City capable of providing a full range of related treatment services. to cancer including chemotherapy, radiotherapy and cancer surgery.
In addition, the system is implementing two projects: Xuyen A General Hospital Tay Nguyen and Xuyen A Gia Nghia Hospital, expected to go into operation in early 2025 with a total scale of nearly 1,000 beds.
Warburg Pincus is a growth investor with more than $83 billion in assets under management. Joining the Vietnamese market since 2013, the company has poured a total of more than 2 billion USD into Vincom Retail, MoMo, Techcombank, BW Industrial, and Lodgis.
Headquartered in New York (USA), this company also has more than 50 years of experience investing in the healthcare industry. They have invested capital in Summit Health – the largest multispecialty group focusing on outpatient treatment in the US and United Family – a high-quality private international hospital and clinic network in China.
Mr. Saurabh Agarwal, Managing Director and Head of Private Equity Investment in Southeast Asia of Warburg Pincus, has the ambition to turn Trans Asia Hospital System into one of the leading private hospital systems in Vietnam. . “We believe that the private healthcare sector in Vietnam has a lot of potential for great growth,” he added.
With a population of 100 million people, improving income and increasing aging rate, investment in health and health care is increasingly attracting foreign capital. Last year, this was one of the areas with the most vibrant mergers and acquisitions (M&A) activities, both in quantity and value.
According to BDA Partners’ M&A Market Report, there were 15 transactions that took place last year, with a total announced value of nearly 765 million USD. On average, each deal is worth about 100 million USD. Notable deals include Thomson Medical Group (Singapore) acquiring FV Hospital for 381.4 million USD and CVC Capital buying Phuong Chau International Hospital for 116 million USD.