The successful M&A agreement of more than 9,000 billion VND (381.4 million USD) between Thomson Medical Group and FV Hospital has attracted distinct attention from international and domestic media.

The authority’s leaders, representatives of Thomson Medical Group and FV Hospital at the announcement ceremony

Acquiring FV Hospital gives Thomson Medical Group a strategic position in the Vietnamese market while this merger unlocks a new era for FV Hospital. The whole management and medical team remain on board to push FV forward to even bigger objectives. Over the past two decades our Captain – Dr Jean-Marcel Guillon – and his officers and crew have led the “FV ship’ and they will continue to steer it on its new voyage.

Mr. Kiat Lim, Executive Vice President, Thomson Medical Group and Dr Jean-Marcel Guillon – Chief Executive Office, FV Hospital jointly announced FV officially becoming a member of Thomson Medical Group

To mark this important event, FV Hospital holds a ceremony to announce “FV becoming a member of the Thomson Medical Group” on 17th January 2024 at Le Méridien Saigon Hotel, Ho Chi Minh City.

The biggest ever healthcare M&A in Vietnam’s history 

“FV becoming a member of Thomson” has been hailed by both local and international media as the largest Healthcare M&A in Vietnam’s history and notably the largest purchase in Southeast Asia’s healthcare sector since 2020.

The transaction represents the official entry into Vietnam of Thomson Medical Group – one of the leading listed healthcare providers in Southeast Asia with operations in Singapore and Malaysia.

The bidding process was highly competitive with multiple interested parties, private equity firms making up the majority of bidders but Thomson Medical Group, a strategic investor with a long-term vision, made it to the final round. Thomson’s bid stood apart for its longer-term investment horizon and its focus on creating impact on the community and the wider healthcare landscape in Vietnam. This acquisition demonstrates the strong commercial potential of the Vietnam’s healthcare sector. It also enables Thomson Medical Group to be present in three of the most important medical destinations in Southeast Asia: Singapore, Malaysia, and Vietnam.

Creation of a strategic foothold to open a gateway for development and investment

According to Mr. Kiat Lim, Executive Vice Chairman of Thomson Medical Group: “The acquisition of FV Hospital expands our presence to cover three of the region’s most important geographies in healthcare, giving us access to a flourishing market and a deep bench strength of talent, while providing critical inroads into neighbouring countries like Cambodia, Laos and Myanmar. Like the long-standing relationship that Singapore and Vietnam share, I look forward to a thriving partnership between Thomson Medical Group and FV Hospital that will continue to grow year on year to advance healthcare for Vietnam and the wider Southeast Asia region.”

Mr. Kiat Lim, Executive Vice President of Thomson Medical Group spoke at the event

Dr Melvin Heng, CEO of Thomson Medical Group shared: “This acquisition is not just about the combination of two entities; it is about the fusion of expertise, the amalgamation of talent, and the collaboration of two healthcare giants coming together for a shared purpose. I look forward to working closely with Dr. Guillon and his team to capitalise on FV Hospital’s strengths and leverage the breadth of Thomson’s expertise to make FV Hospital the Number 1 hospital in the Indo-China region.

Mr. Melvin Heng – Group CEO, Thomson Medical Group

FV was founded by a group of French doctors lead by Dr Jean-Marcel Guillon. Coming into operation in 2003 it started a trend showing how FDI is possible in the Vietnamese healthcare sector. FV owns the most modern advanced equipment and facilities with over 1,500 employees and 236 skilled doctors, capable to treat the most complex cases in 36 different specialties. FV team follows the principles of “patient-centered care” and is constantly moving toward becoming “One of Asia’s leading medical service providers.”

FV is clearly a successful healthcare foreign investment project, providing care for 250,000 patients annually. 25% of patients are foreigners living and working in Vietnam for whom before there was FV, they had to fly to Singapore or Thailand or might even have had to be flown back to their home country for treatment.

Mr. Kho Ngee Seng Roy – Consul General of Singapore delivered the congratulatory speech to TMG and FV Hospital at the event

And now, with FV as a member of Thomson Medical Group, FV becomes an even more reliable hospital to a larger group of international patients, thereby contributing to raising the reputation of the Vietnamese healthcare industry to meet the needs of international patients. Demand for medical examination and treatment is increasing among both the domestic population and a larger number of international tourists. This growing sector contributes to increasing lucrative foreign exchange earnings.

Prof. Dr Tran Van Thuan – Deputy Minister of Health spoke at the event

Dr Jean-Marcel Guillon – CEO of FV said: “This is an extremely proud moment for FV Hospital, affirming FV Hospital’s two-decade journey from conception, construction and its continuous development. We are one of the leading medical facilities in Vietnam and with the help of Thomson Medical Group’s resources and our common leadership ideals, we will now be able to expand even quicker and achieve even greater goals.”

Dr Jean-Marcel Guillon – Chief Executive Officer of FV

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About Thomson Medical Group

Listed on the Mainboard of the Singapore Exchange, Thomson Medical Group Limited (SGX: A50) is one of the leading healthcare players in the South-East Asian region with operations in Singapore, Malaysia and Vietnam.

Established in 1979, the Group’s Thomson Medical Pte Ltd is one of the largest private provider of healthcare services for women and children in Singapore. It owns and operates the iconic Thomson Medical Centre and a network of close to 40 specialist medical clinics and facilities providing outpatient women and children healthcare services, and service offerings in diagnostic imaging, health screening, gynaecological oncology, dentistry, specialist dermatology, traditional Chinese medicine, musculoskeletal and sports medicine.

The Group’s operations in Malaysia under TMC Life Sciences Berhad is a multi-disciplinary healthcare company listed on Bursa Malaysia. It operates Thomson Hospital Kota Damansara, a tertiary hospital located in Kota Damansara, and the award-winning TMC Fertility Centre which is the industry leader in assisted reproduction in Malaysia. It also owns the proposed Thomson Iskandar Medical Hub in Johor Bahru, Malaysia. The Group also owns a prime 9.23 ha freehold waterfront land, strategically located in Johor Bahru’s City Centre, with a proposed long-term plan to build an integrated healthcare city to meet the growing healthcare needs of the people in the region.

About FV Hospital:

FV is the first 100% foreign-invested hospital in Vietnam.

FV opened for business on 11th March 2003 and after 20 years of development, FV is considered one of the leading private hospitals in Vietnam. It has been the first Joint Commission International-accredited hospital in South Vietnam and has been reaccredited twice.

The Group’s FV Hospital operations in Vietnam provides care across more than 30 medical and surgical specialities, including oncology, cardiology, ophthalmology, orthopaedics, maternity, and gastroenterology. It provides over 200 operating beds and 1,500 staff, including more than 200 Vietnamese and expatriate doctors. “FV Hospital also operates an outpatient clinic FV Saigon Clinic and has acquired ACC, the leading Chiropractic centre in Vietnam, with four clinics in Ho Chi Minh City, Hanoi and Da Nang.