Mekong Capital invests in TNH Hospital Group

Mekong Capital made the announcement on March 10, acquiring its holding through the Mekong Enterprise Fund IV.

TNH Hospital Group JSC (TNH), known as Thai Nguyen International Hospital JSC until last year, was established in 2012. TNH’s senior leadership team includes Dr. Hoang Tuyen, chairman of the Board of Directors, and Le Xuan Tan, vice chairman of the Board of Directors and general director.

With its headquarters in Thai Nguyen City - the economic and medical centre of the northern midlands and mountain regions, TNH has expanded significantly into a modern hospital system across multiple locations over its 10 years of development, including 700 licensed hospital beds, over 800 staff members, of which are more than 600 doctors, nurses, midwives, and technicians, with high professional qualifications at three facilities.

Thai Nguyen International Hospital has 400 hospital beds and is the flagship unit in the system, offering premium service. Meanwhile, Yen Binh Thai Nguyen General Hospital will host 300 beds, with Phase I approved for 150 beds. The hospital meets healthcare needs for the area with numerous industrial parks in Pho Yen City, Thai Nguyen. Another facility, TNH Viet Yen Hospital in Bac Giang, has a similar scale of 300 beds, with 150 approved for Phase I.

TNH aims to become a comprehensive healthcare ecosystem, including exam and treatment services, proactive healthcare, preventive medicine, rehabilitation, and training of high-quality medical personnel.

The group's vision is to build an international standard hospital system by 2030, with smart hospital models optimising customer experiences and increasing community service value. The company’s target is to expand to 10 general and specialised hospitals nationwide with 3,000 hospital beds, serving 1.6 million visits per year.

"This partnership with Mekong Capital marks an important milestone in TNH's development strategy as we look to expand our business, optimise operations, and improve healthcare service quality. We believe that the combination of our medical expertise and Mekong's resources will create value for the community and contribute to raising healthcare standards in Vietnam," said TNH chairman Tuyen.

Chris Freund, founder and partner at Mekong Capital, said, "We spent more than 10 years looking at potential hospital investments until now. The senior leadership of TNH, led by the chairman Dr. Tuyen, and CEO Dr. Tan, have created a bold vision for the future of TNH, which Mekong Capital is really excited to be part of. We look forward to working with TNH as it evolves into a nationwide chain, increasing people’s access to affordable yet high-quality healthcare throughout Vietnam."

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