RafflesMedical acquires majority stake in a Vietnam hospital

The deal is subjected to the fulfilment of certain conditions and regulatory approvals.

Raffles Medical Group (RMG) announces a strategic partnership with My My Trading Services Company Ltd (MyMy) to acquire a majority interest in the US$45.6m ($62.7m) American International Hospital (AIH) in Ho Chi Minh City, Vietnam.

As part of the agreement, RMG will also enter into a management service agreement to manage the AIH operations.

The AIH is a 120-bed tertiary hospital with five operating theatres offering a full range of specialists and essential diagnostics capabilities. The hospital was completed in 2018 and currently has about 500 staff, including 60 doctors.

This arrangement will enable RMG to penetrate the growing demand for private healthcare services in Vietnam and augment clinic operations there. It is also part of the Group’s long-term strategy to further diversify its hospital operations beyond Singapore and China.

US$1 = $1.37

Follow the link for more news on

hospitals

Also Read

Singaporeans' physical well-being at highest level since 2019

SingHealth partners with OutcomesAI to integrate AI into medical workflows

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit