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Investors keen on first hospital equitization

Released at: 11:36, 26/03/2015

Investors keen on first hospital equitization

Giao Thong Hospital attracts attention of two local companies and a foreign player.

by Ngoc Chi

Two large domestic enterprises and a foreign investor hope to become strategic investors of Giao Thong Hospital, after it submitted its equitization scheme to the government last week.

It will be the first public hospital to implement the government’s hospital equitization pilot plan. It has charter capital of VND168 billion ($8 million) in approximately 16.8 million shares. After the initial public offering (IPO), 30 per cent of its shares will stay with the State, 30 per cent will be sold to strategic investors, 31.3 per cent will be put to public sale, and remainder will be bought by hospital staff.

Brookline Medical (Singapore) was the first foreign investor to register interest in becoming a strategic partner. With strong financial capacity, it confirmed that it would help the hospital become a modern medical center of international standard if it was accepted as its strategic investor by the government.

Two domestic investors have also expressed interest: Vingroup and T&T Group. Mr. Do Quang Hien, Chairman of the Board at T&T Group, said that with its financial capacity it will assist the hospital in improving its quality and agreed not to sell its shares for five years, as required under the plan.

Strategic investors need to be in the healthcare sector or a medical equipment supplier with charter capital of at least VND100 billion ($4.7 million), while financial investors must have charter capital of VND1 trillion ($47.6 million).

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