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Expansion of CarePlus Clinics in Vietnam by A Consortium of Investors
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Led by Reciprocus Financial Services in Singapore
SINGAPORE – Media OutReach – 14 April 2021 – A consortium of investors, led by Reciprocus Financial Services Pte Ltd (RFS), acquired a 13% stake in CityClinic Asia Investments Pte Ltd (CCAI), which holds a 100% foreign investor license for Vietnamese healthcare operations and fully owns and runs three primary and specialist care clinics under the “CarePlus” brand in Ho Chi Minh City, Vietnam. The investment by RFS is held through Reciprocus Viethealth (Holding) Pte Ltd (RVH). CCAI also appoints Mr David Emery, Founder of the Reciprocus Group of Boutique Advisory Companies, to be a Director of the Board. A portion of the investment has gone towards outfitting CarePlus’ new state-of-the-art medical hub in Saigon’s District 1 which opened in October 2020. The remaining funds will be used to add satellite clinics to the CarePlus network and to expand the specialist verticals.
SEA Digest: Reciprocus consortium backs CarePlus; FDFC partners 2C2P
Photo from CarePlus Facebook account.
April 14, 2021
Reciprocus Financial Services, a Singapore-based advisory firm, has led a consortium to acquire a 13% stake in the operator of Vietnam-based clinic chain CarePlus. In the Philippines, the country’s buy now, pay later app BillEase has partnered with Thai payment firm 2C2P to widen its reach to customers.
Reciprocus Financial Services consortium buys stake in CarePlus
A consortium of investors led by Singapore-based advisory firm Reciprocus Financial Services has acquired a 13% stake in CityClinic Asia Investments Pte Ltd (CCAI), the company behind the CarePlus clinic chain in Vietnam.