Hong Leong and TPG acquire all Columbia Asia Hospitals in Việt Nam

Update: September, 16/2019 - 15:48


The Columbia Asia hospital chain in Việt Nam has a total capacity of 120 beds. — Photo Columbia Asia Hospitals

HÀ NỘI — All three hospitals and clinics of Columbia Asia Hospitals in Việt Nam are now owned by Malaysia-based Hong Leong Group and global alternative asset firm TPG.

According to news website, they are among 17 Columbia Asia hospitals and two clinics in Southeast Asia that have been acquired by Hong Leong and TPG under a share purchase agreement between the two sides. The deal is valued at some US$1.2 billion and is expected to close as soon as the end of the year.

Currently, Việt Nam has two Columbia Asia hospitals in HCM City and the southern province of Bình Dương, and one clinic also in HCM City. With a total capacity of 120 beds across these healthcare centres, the Columbia Asia hospital chain has been filling the daily needs of local patients, with services ranging from medical, critical care, diagnostic and surgical.

In Việt Nam, the healthcare sector has received a constant flow of investment in recent years.

Earlier this month, the Bình Thạnh Import-Export Production and Trade JSC (Gilimex) has announced its injection of nearly VNĐ12 billion ($520,000) into a subsidiary that is going to implement the Tân Bình Hospital project. Gilimex will hold a 98 per cent stake in the hospital while the remaining part will be contributed by two other investors.

The company also purchased some 50,000 shares or 1.02 per cent of the Triều An Private Hospital JSC.

Last year, TMMC Healthcare Group, which operates four private hospitals in HCM City, Đồng Tháp, Đà Nẵng and Nha Trang, received $25 million from VinaCapital’s Vietnam Opportunity Fund (VOF) to fund its purchase of new equipment, hospital expansion and buyout of a new unit. — VNS