To date, AHH has invested approximately US$300 million across hospital chains in Oncology, Mother & Childcare, Urology & Nephrology, and IVF & Fertility under daycare specialty
Asia Healthcare Holdings (“AHH”), the single specialty hospitals focused healthcare platform backed by GIC and TPG, has announced that GIC, Singapore’s sovereign wealth fund, will invest an additional US$150 million in AHH. This follows GIC’s first investment of US$170 million in AHH in February 2022.
To date, AHH has invested approximately US$300 million across hospital chains in Oncology, Mother & Childcare, Urology & Nephrology, and IVF & Fertility under daycare specialty.
AHH’s platform today includes Motherhood Hospitals, Nova IVF, and Asian Institute of Nephrology & Urology (AINU) hospitals.
Vishal Bali, Executive Chairman, AHH said, “Looking ahead, we continue to see huge growth opportunities in single specialty healthcare delivery enterprises. AHH’s distinct operating model, and the synergies we can leverage from the scale of the platform will enable us to replicate our success across new specialties we bring under our fold. GIC and TPG Growth’s long-term commitment to AHH is the catalyst to accelerate our growth.”
Ankur Thadani, Partner, TPG mentioned, “We are proud to have supported AHH’s rise to market leadership, and in continuing our partnership with GIC, aim to support AHH as they further innovate and scale their platform across India.”
Choo Yong Cheen, Chief Investment Officer of Private Equity, GIC said, “We are pleased to continue supporting AHH’s growth with our long-term capital, global network, and resources. As a long-term investor, we are confident in India’s single specialty healthcare sector, which has strong tailwinds for growth driven by increasing per capita income, urbanisation, high awareness of specialty care, and improved supply of high-quality clinics. AHH’s potential to expand into newer sub-segments positions it well for continued success.”
Pankaj Sood, Head of Direct Investments, India and Africa, Private Equity, GIC mentioned, “Our additional investment reflects our confidence in AHH’s management team and the strength of its differentiated brands and diversified businesses. We look forward to deepening our partnership with Vishal and the AHH team in their mission to make quality healthcare more accessible and affordable in the market.”