According to Thomson, its bid stood ahead of its competitors for its longer-term investment horizon and its focus on creating impact to the community and the wider healthcare fraternity.
Thomson Medical Group has completed the acquisition of FV Hospital. Thomson had agreed to acquire the Vietnamese group for up to 9 trillion VND or US$381.4 million ($517.1 million at the time) in July 2023.
The acquisition is the biggest in the healthcare sector to-date in Vietnam and the largest in Southeast Asia since 2020. It gives Thomson Medical Group (SGX:A50
) a strategic position in the Vietnamese market while unlocking a new era of growth for FV Hospital. The transaction also marks the former’s official entry into Vietnam and now makes Thomson one of the leading listed healthcare providers in Southeast Asia.
