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Warburg Pincus invests in Vietnamese hospital group Xuyen A
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Warburg Pincus invests in Vietnamese hospital group Xuyen A
Apr 14, 2024 11:00 PM

SINGAPORE, April 15 (Reuters) - U.S. private equity firm

Warburg Pincus said on Monday that it has made an investment in

Vietnam's Xuyen A, which operates four general hospitals in the

south of the country.

Financial terms were not disclosed.

"We believe the private healthcare sector in Vietnam

presents a tremendous opportunity for outsized growth, as the

hospital infrastructure in the country is significantly

underdeveloped," Saurabh Agarwal, Warburg Pincus' head of

Southeast Asia private equity, said in a statement.

Healthcare assets in Vietnam have garnered growing interest

from investors keen to bet on the Southeast Asian nation's

growth potential.

In January, KKR & Co ( KKR ) emerged as the largest

shareholder of one of Vietnam's biggest eye hospital chains,

Medical Saigon Group, an internal memo showed.

New York-headquartered Warburg Pincus has been the largest

and most active global private equity investor in Vietnam, with

more than $2 billion invested, the statement said. Portfolio

companies include lender Techcombank and fintech company Momo.

Globally, it has more than $83 billion in assets under

management.

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