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Japan Vietnam Medical Instrument Company Announces $7M Capital Raise
Date:7/15/2013

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 co
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SOURCE Japan Vietnam Medical Instrument Company
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