Sunday 7 August 2011

Fortis may Acquire Vietnam Hospital

SINGAPORE: Fortis Healthcare is in talks to buy a controlling stake in Hoan My Medical Corporation, the Vietnamese hospital operator backed by Deutsche Bank (DBK), according to sources . Shareholders of the privately-held Hoan My plan to sell more than 50% of the company in a deal that may value it at $100 million. The acquisition would bolster Fortis’s expansion in Asia . Ho Chi Minh City-based Hoan My operates five hospitals and two clinics in Vietnam and plans to open more hospitals in the country.

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