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Banking & Finance

Quadria Capital acquires stake in FV Hospital

Released at: 14:04, 14/07/2017

Quadria Capital acquires stake in FV Hospital

Photo: FV Hospital

Fund to invest in leading JCI-accredited hospital in Vietnam for an undisclosed sum.

by Hong Nhung

Asian healthcare fund Quadria Capital has just announced it will invest in FV Hospital in Ho Chi Minh City’s District 7 in order to help transform the hospital into a leading multidisciplinary tertiary care provider in Vietnam.

The investment capital was not disclosed but it will be used to facilitate the establishment of Centers of Excellence for selected specialties and to provide access to advanced care and treatment in central and southern Vietnam via an integrated network across the region.

This represents Quadria Capital’s latest investment out of its third investment vehicle, Quadria Capital Fund L.P., and is the fund’s third in Southeast Asia since 2015.

FV Hospital was founded by Dr. Jean-Marcel Guillon in 2003 with a group of French physicians who shared a vision of bringing world class healthcare to Vietnam. It has evolved into a full-service, one stop provider of quality care for the local population in and around Ho Chi Minh City.

As the first Joint Commission International (JCI)-accredited hospital in the south of Vietnam, FV is known for its international standard of care, commitment to clinical quality, and patient-centric service.

With over 950 service staff, including 130 Vietnamese and expatriate doctors, FV provides care across more than 30 medical specialties at its 220-bed hospital. It also operates an outpatient clinic in the heart of Ho Chi Minh City’s District 1.

In addition to catering to the local population, FV also receives patients from the neighboring countries of Cambodia, Laos, and Myanmar.

“We are impressed by the vision and foresight of Dr. Guillon and his co-founders as pioneers of private healthcare in Vietnam,” said Mr. Abrar Mir, Managing Partner and Co-Founder of Quadria Capital. “We are even more impressed by their ability to realize that vision. FV is well positioned to transform into a leading tertiary care provider in Vietnam, which will help improve access to quality care and treatment in Vietnam and the neighboring region, a mission that is also integral to Quadria’s investment philosophy. The Quadria partnership will enable FV to leverage Quadria’s experience in growing hospitals across the region, as well as other synergistic opportunities via Quadria’s portfolio and network.”

“We believe that Quadria, with its demonstrated track record in building some of the largest healthcare businesses in Asia, is the right partner for FV to embark on the next phase of its journey,” said Dr. Guillon. “A number of collaborative opportunities have been identified and we look forward to an exciting partnership with Quadria.”

Vietnam is one of the fastest-growing economies in Southeast Asia with annual income per capita experiencing double-digit growth in recent years. Riding on demographic changes including a rapidly expanding middle income class and higher incidence of lifestyle induced diseases, demand for healthcare has been on the rise.

In partnering with Quadria, FV seeks to continue capturing the increasing demand for advanced care and become the go-to hospital for the middle to high-income population segments.

Quadria Capital, one of Asia’s leading private healthcare investors, is an independent healthcare-focused private equity firm with assets under management exceeding $1.5 billion and investments in 15 companies across the Asia-Pacific region.

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