On November 27, 2024, at the 16th Vietnam M&A Forum hosted by Vietnam Investment Review (VIR) in Ho Chi Minh City, FV Hospital was honoured with the prestigious title of “Business with Outstanding M&A Deal of 2023–2024.” This recognition celebrates Southeast Asia’s largest healthcare M&A transaction since 2020, underscoring a transformative milestone in Vietnam’s healthcare sector.
The landmark M&A deal, valued at over VND 9,000 billion (USD 381.4 million), between Singapore’s Thomson Medical Group and FV Hospital, made headlines earlier in 2024. Not only was this the largest transaction in Vietnam’s healthcare industry, but it was also one of the most noteworthy deals in Southeast Asia in the past five years. This achievement underscores the appeal of Vietnam’s market to international investors while affirming FV’s position as a leading regional healthcare provider, committed to advancing service quality and investing in cutting-edge technology.
Ms Pham Thi Thanh Mai, COO of FV Hospital, proudly accepts the award during the event.
Speaking at the event, Mr Le Trong Minh, Editor-in-Chief of Vietnam Investment Review (VIR) and Head of the Organizing Committee for the Vietnam M&A Forum 2024, remarked: “Many M&A deals in Vietnam announced since the beginning of the year have, to some extent, sparked optimism about a market regaining vibrancy after a rather subdued year.” Highlighting this trend, Thomson Medical Group’s acquisition of FV Hospital – initiated in 2023 and finalised in early 2024 – was recognised as a standout deal and served as a significant bright spot in the domestic M&A market.
At the time of the deal’s announcement, Dr Jean-Marcel Guillon, CEO of FV Hospital, shared: “Becoming a member of Thomson Medical Group marks a pivotal milestone, affirming FV’s more than two-decade journey of growth. With the support of Thomson’s resources and shared values in leadership, we will accelerate our trajectory toward greater goals. FV remains committed to enhancing its medical capabilities, modernizing facilities, and providing the best services for our patients and the community.”
Joining Thomson Medical Group’s ecosystem has created numerous opportunities for FV Hospital to enhance its professional expertise, upgrade its state-of-the-art infrastructure, and expand its network of connections with top-tier international medical specialists, including leading doctors and experts from Singapore. FV remains dedicated to its mission of bringing skilled experts and doctors to Vietnam, providing high-quality medical care locally. This commitment aims to reduce the need for patients to travel abroad, saving them significant time, effort, and expense while ensuring world-class healthcare is accessible at home.
Su Jang Wen, MBBS, MMed, a leading expert in thoracic surgery and lung cancer from Singapore, began his collaboration with FV Hospital in September 2024.
For many years, FV Hospital has maintained a pricing policy in Vietnam at only 50% of the rates charged by hospitals of similar standards in leading Southeast Asian countries such as Thailand, Malaysia, and the Philippines. Additionally, FV provides a 20% subsidy on its listed service prices for patients without private health insurance, regardless of whether they hold state health insurance. Starting in December 2024, FV plans to introduce an instalment payment program for hospital fees and services, available to all patients.
Dr Jean-Marcel Guillon highlights that FV Hospital offers over 30 specialties and regional standard treatment centres, supported by a team of highly skilled doctors and an ever-growing network of top-tier specialists from Singapore and around the globe. By continuously optimising costs, FV Hospital reinforces its position as Vietnam’s premier healthcare provider, ensuring patients can access world-class treatment locally without the need to travel abroad.
At the event, Mr Nguyen Duc Tam, Deputy Minister of Planning and Investment, commended the theme “A Vibrant Deal Flow” of the Vietnam M&A Forum 2024. He emphasised that, beyond celebrating successful deals, the forum plays a vital role in fostering connections and sharing experiences among domestic and international enterprises, ultimately attracting investors and contributing to a more dynamic market.
