Raffles Medical Group acquires Ho Chi Minh City hospital valued at $62.6 million

SINGAPORE – Healthcare provider Raffles Medical Group on Monday said it had acquired a majority interest in American International Hospital in Ho Chi Minh City, Vietnam.

The valuation of AIH was arrived at on a “willing-buyer and willing-seller” basis, after taking into account the valuation of the hospital asset of US$45.6 million – within range of a valuation by Savills Vietnam, said RMG, which commissioned the assessment in July. Part of the agreement entails RMG entering into a management-service agreement to manage AIH’s operations.

RMG added that AIH, which has been managed by its founders since its inception in 2018, is accredited by Joint Commission International , an international not-for-profit healthcare accreditation body.

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