GIC’s partnership with TPG will help AHH add more healthcare enterprises under its network
Asia Healthcare Holdings (“AHH”), the single specialty healthcare delivery platform backed by TPG Growth, has signed definitive documentation for a $170 million investment from Singapore’s sovereign wealth fund GIC.
GIC’s partnership with TPG will help AHH add more healthcare enterprises under its network. To date, AHH has invested approximately $200 million across single specialty healthcare enterprises in Oncology, Mother and Childcare, and Fertility. Under AHH, these entities have established market leadership in their respective verticals and regions.
Vishal Bali, Executive Chairman, AHH 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. From Cancer Treatment Services International to Motherhood and Nova IVF, our innovative operating platform has built a strong track record of turning niche single specialty providers into market leaders in a short time. We continue to see significant opportunity 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 the cos: within the AHH fold.”
Barclays Bank Plc acted as the sole financial advisor to TPG for the transaction. Shardul Amarchand Mangaldas (SAM) were the legal advisors to TPG.