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Japan Vietnam Medical Instrument Company Announces $7M Capital Raise


7/15/2013 11:18:09 AM

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HO CHI MINH CITY, Vietnam, July 15, 2013 /PRNewswire/ -- Japan Vietnam Medical Instrument Company (HCME JVC www.ytevietnhat.com.vn) announces the successful completion of a $7.0mm funding round supported by a group of lead investors including AIM Capital Management (ACM) and Sub-advisor Pacific Advantage Capital (PAC).

JVC is the leading supplier of medical diagnostic equipment (X-rays, MRI's, Cat Scans, etc.) to health care facilities across Vietnam. Over the last three years, JVC has achieved 61% annual revenue growth and a 77% net profit increase.

"The demand for JVC's products continues to align with the company's aggressive growth plan and sales results," said David Zezza, a Director of AIM Capital Management. "We believe that the health care industry in Vietnam will continue its rapid evolution over the next several years and that JVC is uniquely positioned to play a leading role the country's health care market expansion and transformation."

Le Van Huong, Chairman and General Director of JVC comments that: "The management team of JVC is deeply grateful for the major support of shareholders in our growth plans. This new infusion of capital allows us to both upgrade operations and continue to expand our reach with hospitals and doctor groups that want and need our products."

The government of Vietnam has prioritized the domestic healthcare services industry as a top initiative for the next five years. With a population of over 90 million that is rapidly urbanizing, Vietnam is taking concentrated steps towards expanding the number of hospital beds, increasing the availability of medical services, and upgrading the facilities and equipment across the country.

JVC is investing across its business to support these government initiatives as well as to meet rising customer demand at the doctor group level.

Chairman Huong adds: "We will continue to invest in growth and deliver on our strategy to be the leading one-stop shop of medical services, equipment, and consumables for hospitals, clinics and healthcare centers throughout the Vietnam. Along the way, JVC will contribute to the modernization of the healthcare services industry in Vietnam."

JVC, based in Hanoi, was founded in 2001. It is the market-leading vendor of health care diagnostic equipment to doctor groups and health care facilities across Vietnam. The company is an innovator in providing sales support and services to its clients. In addition to the sales and servicing businesses, JVC also owns and operates a fleet of mobile diagnostic clinics supporting health care to workers at large scale manufacturing and business centers. The Company also owns and operates medical equipment refurbishment and sales centers in Asia.

For further questions please contact Hao Nguyen at hao@aim-capital.com

SOURCE Japan Vietnam Medical Instrument Company



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