INSUBCONTINENT EXCLUSIVE:
MUMBAI: Asia Healthcare Holdings (AHH), an operating and investment platform of private equity firm TPG Growth announced today that it has
raised $50 million from Sheares Healthcare, an investor and provider of healthcare delivery services
Sheares Healthcare is wholly owned by Temasek, the sovereign investment fund of Singapore
According to a statement issued by TPG, Sheares works closely with portfolio companies to shape healthcare delivery, primarily in Asia,
through innovative, appropriate, and patient-focused care
Focusing on India and South Asia, AHH targets investment opportunities in single-specialty healthcare businesses
This funding will be used to grow and diversify the AHH platform
The AHH portfolio currently consists of Cancer Treatment Services International (CTSI), a network of single-specialty cancer hospitals
across South Asia also known as American Oncology Institute, and Bengaluru-based Rhea Healthcare Pvt
2016, CTSI has expanded from a single facility to seven
The Motherhood network has also expanded its service lines and growing operations from three to eight hospitals
TPG said there are more facilities in the pipeline for both CTSI and Motherhood
TPG said healthcare is a core focus for the firm in India and globally
In addition to CTSI and Motherhood, in India, investments have included Sutures India, which is now known as Healthium MedTech and was sold
to Apax Partners in 2018.
TPG Growth also made a significant investment in Asiri Hospitals, a leading private network of hospitals in Sri
Lanka, to help the network expand its service lines and grow its footprint across the country and beyond
TPG along with Manipal hospitals is also bidding for the assets of Fortis Hospitals, India's second largest healthcare chain
