VinaCapital splash out on Tam Tri Medical Group
The Vietnam Opportunity Fund (VOF), managed by VinaCapital Group, on August 31 announced its US$25 million investment in the Tam Tri Medical Group, which owns four private hospitals in Da Nang, Nha Trang city, Ho Chi Minh City and Dong Thap province.
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With the investment, VOF is now the biggest shareholder of Tam Tri, which in turn can use the funding to purchase new equipment, expand its own hospitals and acquire new ones.
Andy Ho, chief investment officer of VinaCapital, noted Vietnamese are estimated to spend more than US$2 billion on healthcare services overseas, which offers a great opportunity for high-quality medical facilities at home.
He said VincaCapital believes Tam Tri is capable of seizing such opportunity.
CEO of Tam Tri Medical Group Nguyen Huu Tung said the cooperation with VincaCapital will help the group develop itself into a leading healthcare system in Vietnam.
Tam Tri Group now has 700 medical staff and accommodates 500 beds. The company, growing at a rate of 30% on an annual basis, is eyeing a nationwide expansion, with a focus on Ho Chi Minh City, the central and southern regions, particularly the Mekong Delta
