Small Enterprise Assistance Funds (“SEAF”) announced today that its Vietnamese investment fund, the SEAF Blue Waters Growth Fund (the “Fund”), has invested in Phuong Chau Hospital, an obstetrics and gynecology hospital located in Can Tho, the largest city in Vietnam’s Mekong Delta. The Fund’s USD 2.9 million investment in the privately owned hospital will assist the company in the expansion of its client base through the purchase of medical and surgical equipment and supplies and the repayment of maturing loans. Phuong Chau is the fifteenth deal for the Fund, which has invested a total of USD 15.0 million.
Phuong Chau Hopsital (PCH) is a 250 bed, privately owned specialty hospital for women and newborns located in Can Tho, the largest city in Vietnam’s southwest Mekong Delta. PCH’s key business lines include obstetrics, neonatal care, gynecological surgeries and infertility treatment. The hospital offers superior women and newborn care in the region, significantly adding to both the quality and capacity of the region, where state-owned hopsital run at over 130% of capacity and use outdated care models. PCH is expected, after 3-4 years of operation, to account for 20-25% of OB/GYN and newborn pediatric care in its geographical region, significantly improving the access and quality of these specialties for families in the region. The day SEAF dispersed its investment to the hospital, PCH safely welcomed 1,000 newborns into the world.
Mr. Bert van der Vaart, SEAF’s Co-Founder and Chairman, said: “SEAF is pleased to be partnering with such an impressive hospital. Phuong Chau’s reputable doctors and state-of-the-art facilities are setting the standard for expert OB/GYN and neonatal care in the Mekong Delta. The expansion of the hospital’s patient capacity will ensure that significantly more mothers and their children can get the best medical attention available. SEAF is delighted to help Phuong Chau reach this goal.”