<article>Vietnamese healthcare provider <a href="http://www.hoanmy.com/en-US/overview" target="_blank">Hoan My Medical Corporation</a> has bought 70% stake in the <a href="http://www.bvquoctedongnai.com" target="_blank">Dong Nai International Hospital</a>. The remaining 30% would remain with the existing shareholders, said a representative of the Hoan My Corp,  which is owned by the Singapore based <a href="http://www.chandlergroup.com/" target="_blank">Chandler Group.</a></article>

Vietnamese healthcare provider <a href="http://www.hoanmy.com/en-US/overview" target="_blank">Hoan My Medical Corporation</a> has bought 70% stake in the <a href="http://www.bvquoctedongnai.com" target="_blank">Dong Nai International Hospital</a>. The remaining 30% would remain with the existing shareholders, said a representative of the Hoan My Corp,  which is owned by the Singapore based <a href="http://www.chandlergroup.com/" target="_blank">Chandler Group.</a>
The size of the deal, that gives Hoan My corp a controlling stake in the Dong Nai hospital, was undisclosed.
As part of the agreement, two Hoan My Corp  officials will be on the board of management at Dong Nai. Harindra Kumar, chief operating officer (COO) Hoan My Corp, is expected to take over as the deputy managing director (MD) while Lai Hang will be positioned as the head of finance and accounting, at the hospital.
The company also plans to rename the hospital in the near future.
Dong Nai International Hospital was set up in May 2011, with an investment of $21.7 million (463 billion VND). With 400 beds and an average of 150,000 patients each year, it is one of the largest private medical units in the Dong Nai province,
Hoan My Medical Corporation, established in 1997, is one of the biggest private medical group in Vietnam. This firm has seven large private hospitals in Ho Chi Minh City, Can Tho, Da Lat and Da Nang city. With more than 1,400 beds, the hospitals provide treatment to about 1.5 million people, each year. 
In 2011, India based medical group, <a href="http://www.fortishealthcare.com" target="_blank">Fortis Healthcare</a> spent $64 million to acquire a 65% stake in Hoan My Corp. However, not long afterwards, Fortis sold its stake to the Singapore based Chandler group (owned by Richard Chandler) for $80 million.
The Chandler Group has gradually increase its ownership in the Vietnamese corporation and now owns 80% stake, valued at $99 million.
According to the website, the private investment group  Chandler Corporation is a multi billion dollar long-term value investor, focused on global investments in the sectors of energy, financial services, consumer, and healthcare. The group owns health care assets across South East Asia.

Hoan My Corp buys 70% stake in Dong Nai hospital

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Hoan My Corp buys 70% stake in Dong Nai hospital

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