Mekong Capital has acquired a 13.74% stake in TNH Hospital in Vietnam, marking its first hospital investment through a $246 million fund, amidst a growing healthcare sector that attracts significant private equity interest.

Target Information

Mekong Capital has acquired a 13.74% stake in TNH Hospital, a listed healthcare provider in Vietnam. This investment is facilitated through the Mekong Enterprise Fund IV, a $246 million fund that was closed in 2021. TNH Hospital currently operates one facility located in Thai Nguyen and is in the process of developing two additional hospitals, with plans to expand to a total of ten facilities nationwide by the year 2030. This strategic investment positions Mekong Capital to explore growth opportunities in the Vietnamese healthcare sector.

Industry Overview in Vietnam

The healthcare industry in Vietnam is rapidly evolving, fueled by increasing demand for better medical services and facilities. As more Vietnamese citizens seek quality healthcare, hospitals and clinics are under pressure to upgrade their services and expand their offerings. Recent investments from prominent players in the private equity space, such as Warburg Pincus, KKR, and GIC, indicate a growing appetite for investment in this sector.

Moreover, the government's commitment to improving healthcare infrastructure aligns with private sector initiatives, which further enhances the investment climate. Facilities like TNH Hospital a