Health Holding Livingstone, a Singapore-based multidisciplinary healthcare group, has recently partnered with the National Phytopharma Joint Stock Company and Truth Assets Management (TAM) to evaluate healthcare project opportunities in Vietnam.
One of Vietnam’s leading pharmaceutical companies, Phytopharma provides an integrated range of healthcare services, has an extensive network, and includes GSK and AstraZeneca as some of their key strategic partners.
Livingstone Health said the partnership agreement would leverage the Group’s expertise to develop a Livingstone Health-branded hospital within Phytopharma’s land parcels in Hanoi and Ho Chi Minh City. Livingstone will provide project ideation, design and strategy, and advice on operations and preparation. At the same time, TAM will assess potential healthcare project investment, development and expansion of Singapore-based healthcare services and opportunities in Vietnam.
Dr. Wilson Tay, CEO of Livingstone Health, said, “We are excited to have made a strategic agreement with Phytopharma that will place Livingstone Health as a preferred partner in the Vietnam healthcare ecosystem. We intend to leverage Singapore’s strong background in medical tourism and the Group’s expertise to expand into Vietnam, and hope to build upon our success to expand our footprint into tier 2 and 3 cities within the country.”
(Sources: Livingstone Health, The Business Times)