Asia Healthcare Holdings (AHH), which runs a specialty hospitals targeted healthcare platform, has acquired $150 million of backing GIC, Singapore’s sovereign wealth fund.
This follows GIC’s first funding of $170 million in AHH in February 2022; AHH can be backed by different asset supervisor TPG.
Bangalore-headquartered AHH has invested roughly $300 million throughout hospital chains in Oncology, Mom & Childcare, Urology & Nephrology, and IVF & Fertility underneath daycare specialty.
AHH’s platform consists of Motherhood Hospitals, Nova IVF, and Asian Institute of Nephrology & Urology (AINU) hospitals. Motherhood is a pan-India chain of mom and childcare hospitals providing providers from pre-conception to post-birthing care for girls and a providers underneath pediatric care, together with the biggest community of Neonatal Intensive Care Items (NICU).
Nova is a number one fertility options supplier providing best-in-class IVF providers throughout South Asia. AINU is India’s solely Urology & Nephrology specialty hospital community which has superior urological care, together with robotic surgical procedure and high-end nephrology procedures.
“We began AHH as a healthcare supply platform that might make investments, rework and develop single specialty enterprises underneath one holding firm,” stated Vishal Bali, govt chairman, AHH, in an announcement. “Over time, our differentiated funding method has since delivered sturdy progress alternatives to bridge the demand / provide hole of healthcare providers in India.”
“Wanting forward, we proceed to see big progress alternatives in single specialty healthcare supply enterprises. AHH’s distinct working mannequin, and the synergies we will leverage from the size of the platform will allow us to duplicate our success throughout new specialties we convey underneath our fold. GIC and TPG Development’s long-term dedication to AHH is the catalyst to speed up our progress,” Bali added.
Choo Yong Cheen, chief funding officer of personal fairness, GIC, famous: “As a long-term investor, we’re assured in India’s single specialty healthcare sector, which has sturdy tailwinds for progress pushed by growing per capita revenue, urbanisation, excessive consciousness of specialty care, and improved provide of high-quality clinics. AHH’s potential to develop into newer sub-segments positions it properly for continued success.”
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