T&T Group eyes transport hospital chain

Feb 4th at 14:41
04-02-2016 14:41:36+07:00

T&T Group eyes transport hospital chain

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.

bizhub



NEWS SAME CATEGORY

Ocean Mineral Company seeks Vinalines shares

Ocean Mineral Investment Holding Company has asked the transport ministry to allow it to buy shares owned by Viet Nam National Shipping Lines (Vinalines) at Da Nang...

Masan's sales jump 90%, profits up 24% to $113m

Masan Group Corporation yesterday reported a revenue of VND30.6 trillion (US$1.37 billion) in 2015, as an increase of 90 per cent over the previous year, in HCM...

PVGas to buy 56% of CNG

PetroVietnam Gas Corporation (PVGas) will buy more than 15 million shares in natural gas dealer CNG Vietnam JSC (CNG), equal to 56 per cent of the company's capital.

Masan Group solidifies strategic partnership with Singha

Masan Group Corporation (MSN), closed the first funding of its strategic partnership with Singha Asia Holding Pte Ltd (Singha) in January.

Brewery deal hops forward

Masan Group Corporation which is listed on the Ho Chi Minh City Stock Exchange, has announced the receipt of its first investment worth $650 million from the Thai...

SMC loses $8.7 million last year

SMC Investment Trading Joint Stock Company (SMC) recorded a loss of VND195 billion (US$8.7 million) last year, as the company saw a net profit of VND5 billion...

Hoa Phat Group sets up new agricultural firm

Hoa Phat Group Joint Stock Company (HPG) has created the Hoa Phat Agricultural Development Joint Stock Company, with a charter capital of VND2.5 trillion (US$111...

VNR earns $12.4 million in pre-tax profits

The Vietnam National Reinsurance Corporation (VNR) earned pre-tax profits of VND278 billion (US$12.4 million) in 2015, more than twice the company's target for last...

HVG to invest VND333,450 million in Russian fish enterprise

Hung Vuong Corporation (HVG) plans to invest VND333,450 million to purchase 51 per cent of stakes in the Russian Fish Joint Stock Company, Duong Ngoc Minh, chairman...

Sao Vang Rubber Company falling on hard times

Sao Vang Rubber Joint Stock Company (SRC)’s delay in relocating and expanding the operation of its radial tyre factory makes it lose out on important business...


MOST READ


Back To Top