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February 14, 2022

GIC to invest $170m in hospital platform Asia Healthcare

AHH owns the mother and childcare hospitals chain, Motherhood, and fertility chain, Nova IVF, in India.

Singapore’s sovereign wealth fund GIC has signed a definitive agreement to acquire a 40% stake in single-specialty hospitals platform, Asia Healthcare Holdings (AHH), with an investment of $170m.

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TPG Growth-backed AHH made investments of approximately $200m across healthcare enterprises that focus on mother and childcare and fertility and oncology.

It owns Motherhood, a mother and childcare hospitals chain and Nova IVF, a fertility chain, in India, The Economic Times reported.

With the latest investment from GIC, TPG Growth now holds a 60% stake in AHH.

The hospital platform was established in 2016 with the takeover of Cancer Treatment Services International (CTSI). 

In 2019, Varian Medical Systems took over CTSI from TPG. 

With the new funding, AHH will add more single-specialty entities under its network.

Following acquisition by AHH in 2017, the Motherhood Hospital network grew from three hospitals to 16 last year while various other facilities are underway. 

Furthermore, with AHH’s takeover of Nova IVF in 2019, it grew from 19 IVF centres to 50 across 35 Indian cities as well as in South Asia.

AHH executive chairman Vishal Bali said: “At AHH, we have built a differentiated approach to bridge the demand-supply gap in healthcare services in India and the broader South Asia region by backing single-specialty healthcare delivery enterprises with a combination of capital, operating expertise, and cutting-edge clinical practices to power their growth. 

“We continue to see significant opportunities to add additional single-specialty areas, including diagnostics, and are confident that our operating model, supported by additional capital from GIC and TPG Growth, can achieve similar results across these specialties as well.” 

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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