Vinmec Healthcare System
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Vinmec Healthcare System - overview
Established
2012
Location
Hanoi, -, Vietnam
Primary Industry
Healthcare
About
Vinmec Healthcare System is a comprehensive provider of medical services in Vietnam, offering specialties ranging from emergency care to aesthetic medicine. It aims to deliver high-quality patient care utilizing advanced medical technology and skilled healthcare professionals. Founded in 2012 in Hanoi, Vietnam, Vinmec Healthcare System delivers a wide array of medical services. It has undergone strategic changes to enhance its service offerings and remains a subsidiary of Vingroup Company, which is its controlling shareholder.
Viet Nguyen is the founder, while Anh Le and Su Le serve as the CEOs. The company raised VNÐ 4. 7 trillion in December 2020 from GIC, which took a minority stake, marking its significant funding milestone. As of 2023, Vinmec has successfully completed one investment deal, raising a total of VNÐ 4.
7 trillion to date. Vinmec operates a comprehensive healthcare system providing a wide range of medical services across various specialties. Its core offerings include emergency care, cardiovascular services, oncology, immunology, pediatrics, women's health, and aesthetic medicine, among others. The hospitals and clinics are equipped with state-of-the-art technology and staffed by a team of qualified physicians, nurses, and healthcare professionals dedicated to delivering high-quality patient care.
The end users of these services include both domestic and international patients seeking advanced medical treatment and preventive health services. Vinmec's facilities are strategically located in major cities across Vietnam, catering primarily to the urban population while also attracting patients from other countries in Southeast Asia, providing a medical tourism option for those seeking specialized treatments. In 2023, Vinmec generated revenue of VNÐ 193,521,290. 6 with an EBITDA of VNÐ -5,303,638.
6, reflecting the financial dynamics of the healthcare service sector. Vinmec plans to leverage the recent funding from GIC to expand its service offerings and enhance its infrastructure. There are ongoing initiatives to introduce new medical products and services, although specific launch dates have not been provided. The company aims to broaden its reach in Southeast Asia, targeting specific markets for future expansion by 2025, while continuing to provide high-quality healthcare services to both domestic and international patients.
Primary Industry
Healthcare
Sub Industries
Clinics/Outpatient Services, Hospitals
Website
www.vinmec.com
Total Amount Raised
Subscriber access only
Vinmec Healthcare System - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,883,898,858,747 | 2,739,009,378,098 | 3,158,293,775,874 | 2,816,679,241,131 | 3,036,920,635,872 | - | - | - |
| % Revenue Growth (YoY) | - | 45.4% | 15.3% | (10.8%) | 7.8% | - | - | - |
| EBITDA (USD) | (361,122,038,683) | (709,969,294,363) | (671,035,797,147) | (730,581,270,218) | (585,221,718,009) | - | - | - |
| Operating Income (USD) | (700,162,435,887) | (1,227,052,015,623) | (1,321,537,074,370) | (1,329,584,695,804) | (1,121,750,473,902) | - | - | - |
| Operating Margin | (37.2%) | (44.8%) | (41.8%) | (47.2%) | (36.9%) | - | - | - |
| % EBITDA Margin | (19.2%) | (25.9%) | (21.2%) | (25.9%) | (19.3%) | - | - | - |
| NET Income (USD) | (659,736,248,716) | (1,535,556,442,236) | (1,865,676,201,928) | (2,035,804,875,409) | (1,565,876,850,908) | - | - | - |
| % Net Margin | (35.0%) | (56.1%) | (59.1%) | (72.3%) | (51.6%) | - | - | - |
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.