Singapore’s sovereign wealth fund GIC which has supported healthcare investment platform Asia Healthcare Holdings (AHH) alongside investment fund manager TPG Growth said Wednesday it would invest an additional $150 million in the Bengaluru based company.
This comes after GIC invested $170 million in AHH for the first time in February 2022. In 2016, TPG Growth incubated AHH for the first time. In the areas of oncology, urology and nephrology, mother and childcare, IVF and fertility under the daycare specialization, AHH has so far committed almost $300 million across hospital networks.
AHH’s platform today includes Motherhood Hospitals, Nova IVF and Asian Institute of Nephrology and Urology hospitals.
“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, urbanization, high awareness of specialty care, and improved supply of high-quality clinics,” said Choo Yong Cheen, Chief Investment Officer of Private Equity, GIC.
