Quadria Capital acquires stake in JCI accredited Veitnam healthcare provider, FV hospital



Investment to help transform FV Hospital into a leading multidisciplinary tertiary care provider in Vietnam.

Singapore / New Delhi, 11 July 2017 – Quadria Capital, Asia’s leading private healthcare investor, has successfully completed an investment in FV Hospital (FV). Theinvestmentwill be used to build leading diagnostic and treatment centres for selected specialties and to provide access to advanced care in Central and South Vietnam via establishing an integrated network of healthcare facilities across the region.

 

This represents Quadria Capital’s latest investment out of its third investment vehicle, Quadria Capital Fund L.P.. It is also  the fund’s seventh investment since 2015.  Other investors who participated in the investment with Quadria include funds managed by Neuberger Berman Private Equity and DEG, the German development finance institution and a subsidiary of KfW.

 

FV was founded by Dr Jean-Marcel Guillonin 2003with a group of French physicians who shared the vision of bringing world class healthcare into Vietnam.  Located in the burgeoning 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 the city.  As the only JCI accredited hospital in South 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 at the heart of District 1, Ho Chi Minh City’s traditional business district.  In addition to catering for the local Vietnamese population, FV also receives patients from neighbouring countries of Cambodia, Laos and Myanmar.

 

Abrar Mir, Managing Partner and Co-Founder of Quadria Capital, said:“We are impressed by the vision and foresight of Dr. Guillon and his co-founders as pioneers of private healthcare in Vietnam; we are even more impressed by their ability to realise 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 the country and the neighbouring 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.”

 

Dr Guillonsaid:“We believe that Quadria, with itsdemonstrated track record in building some of the largest healthcare businesses in Asia, is the right partner for FV for 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 incidence of life-style induced diseases, demand for healthcare has been on the rise.  In partnering with Quadria, FV will continue to capture the increasing demand for advanced care and become the go-to hospital for the middle to high income population segment.

 

About Quadria Capital

 

Quadria Capital is an independent healthcare focused private equity firm with assets under management exceeding US$ 1.5 billion and investments in 18 companies across the Asia-Pacific region.

 

We focus on partnering with promising regional healthcare companies and, with our active investment strategy, help them grow into regional leaders, while creating and delivering outstanding returns to our investors.

 

We complement our investment objective with a progressive investment philosophy of creating positive impact on environment, society and governance. Our aim is to improve lives by bringing better healthcare for all. This comes from our belief that positive investment returns and constructive social and financial impact must go hand-in-hand.

 

The Fund is sponsored by Abrar Mir and Dr. Amit Varma and has operations based out of Singapore and New Delhi.

 

For more information, visit Quadria’s website at www.quadriacapital.com