Healthcare delivery platform Asia Healthcare Holdings (AHH) said on Monday it had signed a pact to raise $170 million (about Rs 1,284 crore) from Singapore’s sovereign wealth fund GIC. Incubated by TPG Growth in 2016 under the leadership of Vishal Bali, AHH owns and operates the largest specialty healthcare delivery platform in South Asia with a unique approach to developing and scaling diverse specialty healthcare companies under one company. GIC’s partnership with TPG will help AHH add more healthcare companies to its network.
To date, AHH has invested approximately $200 million in healthcare companies specializing in oncology, maternal and child care, and fertility.
”At AHH, we have implemented a differentiated approach to bridging the gap between demand and supply of healthcare services in India and the wider South Asia region by supporting healthcare delivery companies unique specialty healthcare providers with a combination of capital, operational expertise and cutting-edge clinical care. practices to fuel their growth,” AHH Executive Chairman Vishal Bali said in a statement.
From Cancer Treatment Services International to Motherhood and Nova IVF, the company’s innovative operating platform has built a solid track record of transforming unique niche specialty providers into market leaders in a short time. -he adds.
“We continue to see significant opportunities to add other specialty areas and pathology diagnostics to the AHH platform. We are confident that our operating model, supported by additional capital from GIC and TPG Growth, can add great value to all cos: in the AHH fold,” Bali noted.
AHH began operations in 2016 with the acquisition of Cancer Treatment Services International (CTSI), which operated a facility in Hyderabad, India. By 2019, when TPG sold CTSI to Varian Medical Systems, it had become one of South Asia’s leading oncology service providers and expanded to a network of 11 cancer hospitals with a pipeline of several more. running hospitals.
Similarly, the Motherhood Women & Children’s Hospital network has grown from 3 hospitals in 2017 to 16 hospitals in 2021, with several more facilities on the way. Most recently, AHH acquired Nova IVF in 2019 and grew it from 19 IVF centers to 50 IVF centers in 35 cities across India and South Asia. “We are delighted to partner with AHH management and TPG to bring our long-term capital, global network and resources to support the growth of the AHH platform,” said the Chief Investment Officer of Private Equity. for GIC Choo Yong Cheen.
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)
