Vietnam-based private equity firm Mekong Capital has acquired a 13.74% stake in TNH Hospital, a listed healthcare company. The investment was made through Mekong Enterprise Fund IV, a $246-million fund closed in 2021.
While the financial details were not disclosed, TNH confirmed that Blooming Earth Pte Ltd, managed by Mekong Capital, bought the stake.
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“We have spent more than 10 years looking at potential hospital investments and couldn’t find the right one—until now,” said Chris Freund, founder and Partner of Mekong Capital.
Before investing in its first hospital, Mekong Capital’s healthcare portfolio included Entobel, LiveSpo, Gene Solutions, and Pharmacity.
About TNH
Founded in 2012, TNH operates a private hospital in Thai Nguyen, northern Vietnam, and is building two more facilities in Thai Nguyen and Bac Giang. TNH has 700 licensed beds and over 800 staff, including more than 600 doctors, nurses, and other medical professionals.
The company plans to expand to 10 hospitals nationwide by 2030 and aims to create a complete healthcare ecosystem, including medical services, proactive care, preventive medicine, rehabilitation, and medical training.
