Warburg Pincus Invests in Xuyen A, a Leading Private Hospital Group in Vietnam Apr 15, 2024

Ho Chi Minh City, April 15, 2024 – Warburg Pincus, a leading global growth investor, today announced its investment in Xuyen A, a leading private tertiary general hospital group in Vietnam. Warburg Pincus is the largest global private equity investor in Vietnam and its investment in Xuyen A underscores the firm’s focus on the country’s rapidly emerging healthcare sector.

Signing Ceremony between Warburg Pincus and Xuyen A: Mr. Do Minh, Country Director for Vietnam at Warburg Pincus (first row, right); Ms. Nguyen Thi Thu Thuy, Chairman of the Board of Xuyen A (first row, left)

Xuyen A, which celebrates its 10th anniversary of establishment this year, owns and operates a portfolio of four large-format, multi-specialty tertiary hospitals situated in densely populated cities in Southern Vietnam, including its flagship hospital located in Cu Chi District, Ho Chi Minh City. Xuyen A was founded and is led by Dr. Nguyen Van Chau who built the hospital group from the ground up through greenfield development. Xuyen A has built a reputation for medical excellence over the years and has strived to provide high-quality medical care at affordable prices.

Saurabh Agarwal, Managing Director and Head of Southeast Asia Private Equity at Warburg Pincus, said, “We believe the private healthcare sector in Vietnam presents a tremendous opportunity for outsized growth, as the hospital infrastructure in the country is significantly underdeveloped. We are deeply impressed by Dr. Chau and his exceptional management team and are excited to partner with them in Xuyen A’s next phase of growth. By leveraging our global experience in the healthcare space, we are confident we can help Xuyen A grow into a pre-eminent private hospital group in Vietnam while continuing to provide quality healthcare at affordable prices to the people of Vietnam.”

Dr. Nguyen Van Chau, Founder and CEO of Xuyen A, said, "We are very pleased to partner with Warburg Pincus to accelerate Xuyen A’s growth and jointly build a next-generation leader in Vietnam’s hospital industry. Together with Warburg Pincus, Xuyen A will continue to explore opportunities to enhance our care offering, scale up through further greenfield or brownfield development, and strengthen our medical team.”

As Xuyen A continues to make strides in expanding its range of treatments and intensifying its focus on specialty care, the hospital group announced on the same day the launch of a new oncology center of excellence at its flagship hospital, becoming one of the few private hospital groups in Ho Chi Minh City to offer a full suite of oncology services including chemotherapy, radiotherapy, and surgical oncology.

Warburg Pincus has invested in healthcare for over five decades, backing leading companies such as Summit Health, the largest multispecialty and outpatient-focused physician group in the US, and United Family, an international hospital and clinic network providing private premium healthcare in China.

Warburg Pincus started investing in Vietnam in 2013. Today, it has become the largest and most active global private equity investor in Vietnam, with over US$2 billion invested in market leading companies, such as Vincom Retail, MoMo, Techcombank, BW Industrial, and Lodgis, among others. These companies have collectively created over 40,000 jobs, contributing to Vietnam's economic growth and development. Additionally, the firm has completed two of the largest IPOs in Vietnam – Vincom Retail and Techcombank.


About Xuyen A

Xuyen A is a leading private hospital group operating four large-format general hospitals in Southern Vietnam, offering tertiary care across more than 20 specialties. Today, Xuyen A is widely recognized for its wide treatment offering, high-quality medical services, modern facilities and advanced equipment, and a team of dedicated doctors and nurses. For more information, please visit

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than $83 billion in assets under management. The firm’s active portfolio of more than 260 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than $116 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.

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Media Contact

Lisa Liang | Senior Vice President, Head of Marketing and Communications for Asia, Warburg Pincus

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