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Investment into Thai Hoa Hospital

Released 14:32 21-Mar-2016

RNS Number : 7232S
VinaCapital Vietnam Opp. Fund Ltd
21 March 2016

RNS Reach

21 March 2016

VinaCapital Vietnam Opportunity Fund Limited

VinaCapital Vietnam Opportunity Fund Limited announces investment into Thai Hoa Hospital

VinaCapital Vietnam Opportunity Fund Limited ("VOF" or "the Company"), an AIM-traded investment company established to target key growth segments in Vietnam, announces today that it has invested USD9.0 million in a management buyout transaction to acquire a controlling stake in Thai Hoa International Hospital ("Thai Hoa"), a leading healthcare provider located south of Ho Chi Minh City.

Thai Hoa is a general hospital established in 2008, with a goal to provide premium healthcare and top of the line hospital facilities in the Mekong Delta region. Currently, Thai Hoa has 200 beds, with the ability to scale up to 300 beds in the same location, employs 30 doctors, and is capable of treating over 300,000 patient visits per year. Management expects that the number of visits will increase significantly through 2016 and 2017 due to the government's Private Partnership Program between public and private hospitals and the loosening of National Health Insurance regulations that will take effect in the second half of this year.

VOF is fortunate to have Dr. Luong Ngoc An stay on board as the CEO to help lead Thai Hoa through the next stage of growth. Dr. An previously spent more than 20 years at Ho Chi Minh City's Tu Du Hospital, the largest hospital of Obstetrics and Paediatrics in Vietnam. During his time at Tu Du, he led the team that successfully pioneered the In Vitro Fertilization technique in Vietnam.

Speaking about the transaction, VOF managing director Andy Ho said, "We are very pleased to have Dr. An lead this hospital to the next level, as he brings unparalleled experience and the leadership necessary to help drive the hospital towards meeting our collective goals."

Notes to Editors:

VinaCapital is a leading investment management and real estate development firm headquartered in Vietnam, with a diversified portfolio of USD1.3 billion in assets under management.

Founded in 2003, VinaCapital boasts an unrivalled local network, providing the company with access to unique investment opportunities. VinaCapital's mission is to continue to offer institutional solutions for a variety of clients that can best extract the dynamic development taking place in Vietnam and the ASEAN region as a whole. This mission is instilled in each of VinaCapital's industry-leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.

VinaCapital has managed three closed-end funds trading on the AIM Market of the London Stock Exchange, VinaCapital Vietnam Opportunity Fund Limited, VinaLand Limited and Vietnam Infrastructure Limited. In addition, VinaCapital co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson and also holds a stake in VinaWealth, a locally incorporated fund management company. Further, VinaCapital manages an open ended UCITS fund called the Forum One - VCG Partners Vietnam Fund, Vietnam's largest open-ended UCITS-compliant fund.

VinaCapital employs a bottom-up, fundamental analysis approach to valuation within a disciplined risk management framework, and possesses one of Vietnam's leading in-house research teams to uncover value opportunities.

With offices in Ho Chi Minh City, Hanoi, Danang and Singapore, VinaCapital offers insight, expertise and an on the ground presence unrivalled in the ASEAN region. For more information about VinaCapital, please visit www.vinacapital.com or reach out directly to info@vinacapital.com.


Jeremy Greenberg

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930



Joel Weiden

VinaCapital Investment Management Limited


+84 8 3821 9930



Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100



David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000



Daniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872


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Investment into Thai Hoa Hospital - RNS