Hanoi French Hospital. (Photo: en.hfh.com.vn)
Navis Capital Partners (Navis), an Asia-based private equity firm, has announced it purchased an undisclosed stake in Hanoi
French Hospital (HFH), a leading primary healthcare operator in Vietnam that operates a 73-bed hospital in Hanoi.
HFH is the first international private healthcare facility in Hanoi. The hospital employs a multi-disciplinary French and Vietnamese medical team of 50 full-time doctors, 80 consultants and 30 rotational doctors, covering over 20 healthcare specialties.
The hospital has recently received approval from the Vietnamese Ministry of Health to build an extension which will accommodate an additional 100 beds and renovate the existing facility in order to meet the increasing demand for healthcare services. Construction has already commenced and will complete in the second half of 2018.
According to HFH’s website, Vietnam International Hospital was established in September 1997 by a joint venture between IMC Australia and Bach Mai Hospital Vietnam with a licensed capital of $26.7 million. The hospital was acquired by a French company in 2000.
Founded in 1998, Navis focuses on private and public equity investments in and around Southeast Asia. The firm manages approximately $5 billion in equity capital and has made over 70 control investments in the region, of which about half have been exited.