Warburg Pincus invests in Xuyên Á Hospital Group

Monday, Apr 15, 2024 16:36

Representatives of Warburg Pincus and Xuyên Á sign a cooperation agreement on April 15 in HCM City. — Photo courtesy of the company

Warburg Pincus, a leading global growth investor, on April 15 announced its investment in Xuyên Á, a leading private general hospital group in Việt Nam.

Warburg Pincus is the largest global private equity investor in Việt Nam and its investment in Xuyên Á underscores the firm’s focus on the country’s rapidly emerging healthcare sector.

Xuyên Á, which celebrates its 10th anniversary of establishment this year, owns and operates a portfolio of four large-format, multi-specialty tertiary hospitals situated in densely populated cities in southern Việt Nam, including its flagship hospital located in Củ Chi District, HCM City.

Xuyên Á was founded and is led by Dr. Nguyễn Văn Châu, who built the hospital group from the ground up through greenfield development. Xuyên Á has built a reputation for medical excellence over the years and has strived to provide high-quality medical care at affordable prices.

Saurabh Agarwal, Managing Director and Head of Southeast Asia Private Equity at Warburg Pincus, said: “We are deeply impressed by Dr. Châu and his exceptional management team and are excited to partner with them in Xuyên Á’s next phase of growth. By leveraging our global experience in the healthcare space, we are confident we can help Xuyên Á grow into a pre-eminent private hospital group in Việt Nam while continuing to provide quality healthcare at affordable prices to the people of Việt Nam.”

Dr. Nguyễn Văn Châu, Founder and CEO of Xuyên Á, said: "We are very pleased to partner with Warburg Pincus to accelerate Xuyên Á’s growth and jointly build a next-generation leader in Việt Nam’s hospital industry. Together with Warburg Pincus, Xuyên Á will continue to explore opportunities to enhance our care offering, scale up through further greenfield or brownfield development and strengthen our medical team.”

On the same day, the hospital group announced the launch of a new oncology centre of excellence at its flagship hospital, becoming one of the few private hospital groups in HCM City to offer a full suite of oncology services including chemotherapy, radiotherapy, and surgical oncology.

Warburg Pincus has invested in healthcare for over five decades, backing leading companies such as Summit Health, the largest multispecialty and outpatient-focused physician group in the US, and United Family, an international hospital and clinic network providing private premium healthcare in China.

Warburg Pincus started investing in Việt Nam in 2013. Today, it has become the largest and most active global private equity investor in Việt Nam, with over US$2 billion invested in market-leading companies, such as Vincom Retail, MoMo, Techcombank, BW Industrial and Lodgis. — VNS

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