GIC, a sovereign wealth fund, completed the acquisition of Vinmec, a private hospital developer and operator, from Vingroup, a non-profit business that manages seven international hospitals and five clinics, for $203m. “Vinmec aims to collaborate with GIC to continue to pursue operational excellence and leverage on GIC’s extensive expertise and investments in the healthcare sector globally, including GIC’s partnership with Metro Pacific Hospital Holdings in the Philippines since 2014," Vingroup.