Daily Newsletter

19 January 2024

Daily Newsletter

19 January 2024

Thomson Medical Group acquires FV Hospital in Ho Chi Minh City

The $381.4m deal expands Thomson Medical Group’s reach in South-East Asia, adding to its presence in Singapore and Malaysia.

Soumya Sharma January 18 2024

Singaporean healthcare provider Thomson Medical Group has acquired FV Hospital, a private hospital in Ho Chi Minh City, Vietnam.

The acquisition is valued at around VND9,000bn ($381.4m) and is Thomson Medical Group’s first entry into the Vietnamese market, adding to its presence in key South-East Asian medical markets such as Singapore and Malaysia.  

It was secured by Thomson Medical Group after a ‘competitive’ bidding process, with numerous private equity firms placing bids for the hospital.

Thomson Medical Group executive vice-chairman Kiat Lim said: “The acquisition of FV Hospital expands our presence to cover three of the region’s most important geographies in healthcare, giving us access to a flourishing market and a deep bench strength of talent, while providing critical inroads into neighbouring countries like Cambodia, Laos and Myanmar.

“Like the long-standing relationship that Singapore and Vietnam share, I look forward to a thriving partnership between Thomson Medical Group and FV Hospital that will continue to grow year on year to advance healthcare for Vietnam and the wider South-East Asia region.”

FV Hospital specialises in providing care across more than 30 medical and surgical specialities, including oncology, cardiology and orthopaedics.  

It has more than 200 operating beds, employs 1,500 staff members and serves 250,000 patients a year, 25% of whom are foreigners living and working in Vietnam.

Following this transaction, FV Hospital's current management and medical team will continue to operate the hospital.

The team is led by Dr Jean-Marcel Guillon, who co-founded the hospital in 2003.

Dr Guillon said: “This is an extremely proud moment for FV Hospital, affirming FV Hospital’s two-decade journey from conception, construction and its continuous development.

“We are one of the leading medical facilities in Vietnam and with the help of Thomson Medical Group’s resources and our common leadership ideals, we will now be able to expand even quicker and achieve even greater goals.”

Healthcare industry continues to be highly vulnerable to cyberattacks

Cybersecurity is a growing market in the medical devices sector for several reasons. Medical devices often collect and contain vulnerable data, such as patient medical information. Legacy medical devices are a cause for concern because they likely were not designed with cyberattacks in mind. With the adoption of EHR systems, telemedicine measures, mobile health apps, and other connected devices, there is increased vulnerability to cyberattacks.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close