Thomson Medical confirms discussions about potential deal

THOMSON Medical Group , a Singapore-based healthcare company, confirmed discussions about a potential transaction on Thursday (Jun 8) after reports said that it is in advanced talks to purchase a controlling stake in Vietnam’s FV Hospital.

The healthcare company – backed by tycoon Peter Lim – had surpassed other interested candidates to remain in the bidding and is working with a financial adviser on the potential acquisition.

In 2022, Bloomberg reported that Quadria Capital, a healthcare-focused private equity firm, was exploring a sale of its stake in FV Hospital. The sale could fetch around US$300 million to US$400 million.

It also noted that Quadria and Thomson Medical could still decide against a transaction.

Separately, the group said it was in “preliminary confidential discussions to explore a potential transaction” but a definitive agreement had yet to be reached.

Shares of Thomson Medical Group closed flat at S$0.059 on Thursday, before the news.