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Analysis: Quadria boosts Asian investments

Singapore-based private equity firm Quadria Capital is expanding its holdings in the region with investments into Vietnam and Singapore from its third investment vehicle, Quadria Capital Fund. Financial details were not disclosed for either transaction.

In Vietnam, it has completed an investment in HCM City-based FV Hospital. Founded by Jean-Marcel Guillon in 2003, the 220-bed hospital has more than 950 service staff, including 130 Vietnamese and expatriate doctors. It is the only joint commission international accredited hospital in South Vietnam. It also operates an outpatient clinic at the heart of District 1, HCM City’s traditional business district.

The investment will 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.

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.

In Singapore, it has taken a significant stake in MWH Holdings, the holding company for the Singapore Heart, Stroke and Cancer Centre. MWH currently operates out of Paragon Medical Centre and will be expanding its operations this year with a new centre located at Royal Square Novena.

It currently operates under four flagship brands: Singapore Heart, Stroke and Cancer Centre, a specialist centre focused on prevention, early diagnosis and treatment of heart disease, stroke and cancer; Singapore Medical Specialists Centre – multi-specialist centre offering a comprehensive range of specialty care services; Singapore Centre for Medical Imaging, a radiology centre offering a wide range of latest high-end diagnostics modalities; and Face, Body and Skin Aesthetics Medical Center, an aesthetics centre offering non-invasive, minimally invasive and surgical proceedures.

“Whilst we continue to serve the domestic and medical tourism segment out of Singapore, we see a significant opportunity regionally, particularly in the mid-tier segment where patients require something more affordable or for certain conditions where patients are unable to travel for treatment,” said Michael Lim, chief medical officer of MWH. And Quadria will support MWH’s regional growth ambitions through its existing hospital network and relationships.

Quadria Capital has assets exceeding US$1.5 billion and investments in 15 companies across the AsiaPacific region. It closed its third Quadria Capital Fund at US$304 million in June 2015 with two investments in Medica Synergie, the largest hospital network in eastern India, and SOHO Global Health, one of the largest pharmaceutical manufacturing and distribution businesses in Indonesia. The investments in Vietnam and Singapore are the sixth and seventh investments from that fund.

Posted on: 12/07/2017 UTC+08:00


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