08 Mar SEAF Invests in Healthcare in Vietnam
SEAF has announced that the SEAF Women’s Opportunity Fund has invested in the Phuong Chau Joint Stock Company (“PCJSC”), an OB/GYN and other specialties healthcare facility in southern Vietnam. The investment will expand PSJSC’s geographic footprint beyond its current facility in Can Tho to Sa Dec, a city 50 kilometers from Can Tho.
In a joint statement, Jennifer Buckley and Bob Webster, SEAF Managing Directors, stated, “This investment demonstrates SEAF’s continued commitment to both the health care sector and women’s economic empowerment. The investment is expected to have significant social impact in the Can Tho region by providing quality maternal health services, skilled employment for women, and the easing of capacity pressure on the public hospital system.”
Dr. Nguyen Thi Ngoc Ho, PCJSC CEO, said, “As a doctor with 20 years of experience in obstetrics and gynecology, I saw the need for high-quality maternal health care for women in the Mekong Delta. From that strong feeling, I was motivated to invest in a 250-bed obstetric hospital, which began operations in 2011. I am so grateful to SEAF for supporting our expansion in the Mekong Delta so that women can access quality maternal health care through our new facility in Sa Dec. I fully expect that our hospital group will be able to serve more and more people through continued regional expansion.”
About Phuong Chau Joint Stock Company
Phuong Chau Hospital was launched in 2011 to provide high-quality OB/GYN services to women in the greater Can Tho region. The facility was founded by Dr. Ho, an OB/GYN physician who was motivated to start the hospital due to her frustration over the lack of quality maternal health care. Under Dr. Ho’s vision and leadership, PSJCS has expanded its offerings to other services, such as pediatrics, infertility treatment, and andrology/urology. Phuong Chau Hospital has consistently been a top ranked hospital in Vietnam.
About SEAF
SEAF is an emerging market private equity fund manager targeting both financial returns and significant social impact by providing capital, capacity building, and a global network to support a business’ expansion. As an impact investor, the firm is particularly focused on gender equality, sustainable agribusiness, access to health care and education, environmental sustainability, and other inclusion themes. The Women’s Opportunity Fund seeks to invest up to 2 million USD per investment in growth-oriented women-led businesses in Vietnam, the Philippines, and Indonesia. Since 1989, SEAF has invested in over 400 companies in more than 25 countries. For more about SEAF, see www.seaf.com. For more information on SEAF’s activity in gender lens investing, please contact Jennifer Buckley at jbuckley@seaf.com.