VinaCapital fully divests from Vietnam’s private hospital chain Tam Tri

The Vietnam Opportunity Fund (VOF), managed by VinaCapital, has announced its full divestment from local hospital chain Tam Tri Medical, according to a filing with the London Stock Exchange.

“We sold our stake at a premium to one of the region’s foremost healthcare investors who understand the market and its enormous potential,” Khanh Vu, lead Pportfolio manager of VOF, said without disclosing the transaction value.

VOF initially invested $25 million in the healthcare chain in 2018, when it operated four hospitals with approximately 400 beds. The fund later injected an additional $21 million, bringing its ownership to 37.8% as of the end of April.

This was the VOF’s fifth-largest holding, following investments in listed firms such as ACB (HoSE: ACB), Khang Dien (HoSE: KDH), FPT (HoSE: FPT), and Hoa Phat (HoSE: HPG).

Tam Tri Medical now operates seven hospitals in Ho Chi Minh City, the southern province of Dong Thap, the central city of Danang, and the central province of Khanh Hoa. It serves over one million patient visits and 20,000 surgical cases yearly.

VinaCapital was one of the earliest private equity investors in Vietnam’s healthcare sector. Following its exits from Tam Tri and Hoan My Medical Corporation, VOF still holds a 24.39% stake in private hospital chain Thu Cuc.