GIC Led Group Buys Stake in Vinmec
Posted on 12/28/2020
An investor group led by Singapore’s GIC Private Limited bought a minority stake in Vinmec, a Vietnam-based private hospital operator that is part of the Vingroup conglomerate, for 4.7 trillion dong (US$ 203 million). Vingroup remains the controlling shareholder of Vinmec. Vinmec operates seven hospitals and five clinics in Vietnam. GIC has experience investing in hospitals in Asia.
Credit Suisse (Singapore) Ltd acted as the sole advisor to Vingroup.