T&T Group eyes transport hospital chain

Wednesday, Feb 03, 2016 16:51

An image of General Transport Hospital in Vinh City. — Photo

HA NOI (Biz Hub) — T&T Group, a multi-industry investment firm run by businessman Do Quang Hien, plans to acquire a stake in the Central Transport Hospital's provincial satellite hospitals after they are equitised.

T&T Group became the strategic partner of the Central Transport Hospital, based in Ha Noi, after it was privatised last year.

The provincial satellite hospitals, comprising the transport hospitals in Vinh City in central Nghe An Province and those in Da Nang City, will be equitised in the coming period.

"We want to become a strategic shareholder of the two satellite hospitals to establish a complete satellite hospital system," HIen told baodautu.vn.

If selected, T&T is committed to investing in upgrading the two satellite hospitals' infrastructure and improving the professional skills of their staff, nurses and doctors.

In addition, T&T will provide the hospitals with cheap, good quality medicines sourced from its subsidiary, T&T Pharmaceutical Co., Ltd.

Vinh-based Transport Hospital is one of the largest hospitals in the northern central region. It was founded in 1993 and currently has 11 departments and 5 function rooms with modern facilities, providing treatment for approximately 80,000 patients per year.

The Da Nang-based Transport Hospital is also a large medical facility in the city's Lien Chieu District.

The Ha Noi-based Central Transport Hospital was the first state-owned healthcare facility to be privatised in Viet Nam. It launched its initial public offering (IPO) on the Ha Noi Stock Exchange on October 21, 2015.

After the IPO, the State held 30 per cent of the hospital's charter capital, while the hospital's staff held 8.7 per cent. Some 30 per cent was bought by its strategic investor, T&T Group. The remaining 31.3 per cent had been auctioned at the IPO. — VNS

Comments (0)