Dentons LuatViet and Dentons Rodyk act for Thomson Medical Group in the largest healthcare acquisition in South-east Asia. Dentons Rodyk and Dentons LuatViet are pleased to be acting for SGX-listed Thomson Medical Group (TMG) in the largest healthcare acquisition in South-east Asia, with the purchase of Vietnam’s biggest healthcare group, FV Hospital (which includes primary and specialist clinics).

The transaction was finalized on July 12 in Singapore, marking a significant milestone in Vietnamese healthcare. With a valuation of approximately US$381.4 million, this acquisition has set a new record as Vietnam's largest healthcare deal to date and represents the most substantial healthcare purchase in Southeast Asia since 2020.

Under the agreement, Thomson Medical Group will acquire 100 per cent ownership of Far East Medical Vietnam Limited, which operates a range of healthcare facilities in Vietnam, including the renowned FV Hospital and a network of primary and specialist clinics.

Thomson Medical Group plans to finance the acquisition through a combination of internal resources, external borrowings from financial institutions, and debt capital markets.

At the heart of this deal is FV Hospital, a major private multidisciplinary tertiary hospital, along with its network of primary and specialist clinics in Vietnam. FV Hospital has earned a reputation not only among Vietnamese and foreign residents, but also as the preferred choice for patients in Vietnam, as well as from Laos and Myanmar. The hospital is also one of the top choices for overseas medical treatment for affluent Cambodian.

Led by Managing Partner, Tran Duy Canh, Special Counsel, Chan Hong, and our M&A team members comprising Senior Associate Phuc Nguyen, Associates Huyen Vu, Trang Le, Trinh Nguyen and Thang Luong, Dentons LuatViet has delivered practical and critical advice on the transaction and assisted the client to navigate the complexity of Vietnam regulations in the healthcare sector.

In this transaction, Dentons LuatViet has also co-counsel with Dentons Rodyk, Singapore, leading by Senior Partner, Valerie Ong and the M&A team members comprising Senior Associates Cheow Ying, Ian Low and Johnny Ng, realizing the one firm spirit of Dentons, the world’s largest law firm. The seamless teamwork between the two offices has been supported by the young but talented M&A team. The team delivered practical and critical advice on the transaction and assisted the client in navigating the complexity of Vietnam regulations in the healthcare sector.

"We extend our heartfelt appreciation and congratulations to all parties involved in making this landmark deal a reality. We also acknowledge the contributions of the other advisors who closely collaborated with us throughout this transformative journey," emphasized Canh.

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