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The investment will be used to facilitate the establishment of centres of excellence for selected specialties and to provide access to advanced care and treatment in Central and South 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 investment in Southeast Asia since 2015.
FV was founded by Dr Jean-Marcel Guillon in 2003 with a group of French physicians who shared the vision of bringing world-class healthcare to Vietnam. Located in District 7 of Ho Chi Minh City, FV 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 JCI accredited hospital in South Vietnam, FV is known for its international standard of care, commitment to clinical quality, and patient centric service.
Abrar Mir, managing partner and co-founder of Quadria Capital, said, “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 neighbouring regions, 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.”
Guillon added, “We believe Quadria, with is 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. A number of collaboration 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 income per capita experiencing double-digit growth in recent years. Riding on demographic changes, including a rapidly expanding middle income class and higher incentives of lifestyle, the demand for healthcare has been on the rise.
“In partnership 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 segment,” Guillon noted.