Dentons LuatViet advises on groundbreaking deal in healthcare sector

The transaction was finalised on July 12 in Singapore, marking a significant milestone in Vietnamese healthcare.

With a valuation of close to $400 million, this acquisition has set a new record as Vietnam's largest healthcare deal to date and represents the most substantial healthcare purchase in Southeast Asia since 2020.

Under the agreement, Thomson Medical Group will acquire 100 per cent ownership of Far East Medical Vietnam Limited, which operates a range of healthcare facilities in Vietnam, including the renowned FV Hospital and a network of primary and specialist clinics.

Thomson Medical Group plans to finance the acquisition through a combination of internal resources, external borrowings from financial institutions, and debt capital markets.

At the heart of this deal is FV Hospital, a major private multidisciplinary tertiary hospital, along with its network of primary and specialist clinics in Vietnam.

FV Hospital has earned a reputation not only among Vietnamese and foreign residents, but also as the preferred choice for affluent Cambodians seeking medical treatment abroad.

Throughout the negotiations, Dentons LuatViet's accomplished team, led by managing partner Tran Duy Canh, provided invaluable guidance and expertise. Special counsel Chan Hong and the Mergers and Acquisitions (M&A) Department played key roles in navigating the complexities of Vietnam's healthcare regulations.

Dentons LuatViet collaborated with Dentons Rodyk, Singapore, exemplifying the unified spirit of Dentons, the world's largest law firm. This seamless partnership between the two offices was made possible by the exceptional teamwork displayed by Dentons LuatViet's young yet highly talented M&A team. The experience gained from this collaboration has further enhanced the team's proficiency, efficiency, and sector-focused approach, reinforcing Dentons LuatViet's position as a top legal force in Vietnam.

"We extend our heartfelt appreciation and congratulations to all parties involved in making this landmark deal a reality. We also acknowledge the contributions of the other advisors who closely collaborated with us throughout this transformative journey," emphasised Canh.

Dentons LuatViet remains steadfast in its commitment to providing exceptional legal services, driving progress, and facilitating game-changing transactions within Vietnam's thriving healthcare sector.

Dentons LuatViet is a distinguished law firm, renowned for offering comprehensive legal services to both Vietnamese and international clients. Combining global expertise with in-depth knowledge of the local market, Dentons LuatViet is uniquely positioned to deliver pragmatic solutions and drive success for its clients. The firm's commitment to excellence, innovation, and collaboration distinguishes it within Vietnam's legal landscape.

With 23 years of experience, Tran Duy Canh, one of the founding members and the current managing partner of Dentons LuatViet, is highly regarded by international and local corporations for his expertise in corporate law, construction, capital markets, real estate, and in M&A. His capabilities and wealth of experience have enabled clients to navigate complex scenarios and achieve their commercial objectives. Notable clients include international and domestic corporations such as P&G, Lego, Suntory Pepsico, Sony, Novaland, and Duy Tan Plastic, among others.

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