SINGAPORE, June 11, 2013 /PRNewswire/ -- The Chandler Corporation announced today a US $99 million investment in Hoan My Medical Corporation, acquiring an 80% stake in Vietnam's largest private hospital group. The investment in Hoan My complements the healthcare businesses the Chandler Corporation owns and operates in Indonesia and the Philippines, positioning it to become a leading private healthcare provider in Asia.
Hoan My: A Track Record of Providing Quality, Creating Value
Hoan My is Vietnam's only integrated hospital network; it is a trusted brand which is recognised for its clinical and service excellence. To meet the country's rising demand for quality healthcare, Hoan My has grown significantly since its establishment in 1997. The group now comprises five hospitals and four clinics, providing affordable, quality healthcare to more than one million people in Vietnam's emerging middle class.
Chandler Corporation Invests in the Well-being and Prosperity of Nations
David Walker, CEO of the Chandler Corporation, commented on the investment:
"The acquisition of Hoan My is an important step toward realising the Chandler Corporation's goal of becoming a leading Pan-Asian healthcare services provider. The Chandler Corporation builds and invests in great companies which create social value and drive national prosperity. Hoan My has done both in Vietnam for the past 16 years. Our investment reflects the value we place on healthcare, and our commitment to give people the opportunity to live healthier and more prosperous lives."
About the Chandler Corporation
The Chandler Corporation builds and operates businesses in healthcare, energy and environment, consumer, and financial services, with operations in Asia and the Pacific, Africa, the Americas, Europe, and the Middle East. The Chandler Corporation currently operates healthcare businesses in the Philippines, Indonesia, and Kenya under the Viva Healthcare brand. The Corporation's vision of Building Great Companies and Great Nations reflects its belief in the power of business to drive national prosperity. In all its work, the Corporation places a special emphasis on good corporate governance as a crucial element of business sustainability and increasing stakeholder value.
For further information, please visit the Chandler Corporation website at www.chandlergroup.com.
Enquiries:
Martin Robinson
Managing Director, Healthcare
Email: mr@chandlergroup.com
Media enquiries:
Melanie Hui
Assistant Vice President, Communications
Main Line: + 65 6210 5555
Mobile: + 65 8318 1906
Email: media@chandlergroup.com
