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Aureos, GSB sell Vejthani Hospital stake for $19.7m

30 Nov 2012

Aureos Capital and the investment arm of Thailand’s Government Savings Bank have exited their stakes in Vejthani Hospital in a $19.7m deal.

The sale price is more than three times the amount the firms paid for Vejthani in 2009, and values the company at nine times EBITDA according to strategic buyer KPJ Healthcare.

It picked up 5.3 million shares from Aureos Southeast Asia Fund and 2.7 million from GSB, with the deal expected to close in the second quarter of 2013.

Vejthani has grown to host 500 beds at its sites in Malaysia and India since it was founded in 1994, and sees more than 300,000 patients each year.

Earlier this month Matrix Partners India picked up a “significant” minority stake in Mewar Orthopaedic Hospitals, as the sole investor in the first institutional round of equity funding for the company.

Mewar provides surgical orthopaedic care in Rajasthan, Gujarat, and Madhya Pradesh, with several more centres coming up in the region in the near future including a facility in Udaipur that will provide trauma surgical care.

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