Asia Healthcare Raises $ 50 Million from Temasek in Singapore

BENGALURU: Asia Healthcare Holdings (AHH), the investment platform created by TPG Growth to invest in the health sector in India, raised $ 50 million from Sheares Healthcare, a healthcare provider of health held by Temasek.

AHH, which invests in single-specialty health care companies in India and South Asia, will use the money to develop and diversify the platform, TPG said. By focusing on India and Southeast Asia, AHH is targeting investment opportunities in single specialty health care.

"With AHH, we set out to create a unique and regional operating platform that connects specialized healthcare companies with experienced and skilled executives and investors," said Matthew Hobart, Partner. at TPG Growth. "By deploying the operational expertise of the AHH management team, we have made remarkable progress with our first two investments in India. Now, with the addition of the best partners of Sheares Healthcare and Temasek, we see a clear opportunity for AHH to become one of the most exciting healthcare platforms in Southeast Asia. "

The AHH portfolio currently consists of Cancer Treatment Services International (CTSI), a network of specialized cancer hospitals in South Asia, known as the American Oncology Institute, and Rhea Healthcare, based in Bangalore, which runs a women's hospital network. and children under the brand "Maternity".

"AHH's specialized mandate and experienced team, paired with the support of two leading investors, create a truly exciting and differentiated combination. Together, we will continue to support existing CTSI and maternity activities, invest behind our operational platform and partner with new companies that can benefit from the operational know-how that AHH offers, "said Vishal. Bali, executive chairman of AHH.

Healthcare is at the heart of TPG's growth in India. In addition to CTSI and Motherhood, his other investments included Sutures India, which was sold to Apax Partners. TPG Growth's experience in the healthcare industry includes a variety of companies in the industry, including Evolent Health, GoHealth Urgent Care, Northstar Anesthesia, Precision for Medicine and RefleXion. Among other platforms, TPG's other relevant investments in Asia include Healthscope, Manipal Hospitals, Matrix Labs and United Family.