On Wednesday, Asia Healthcare Holdings announced that it had purchased the majority of the shares in the Asian Institute of Nephrology and Urology and that it would contribute Rs 600 crore to the latter. The investment will be made using a combination of primary and secondary infusion, according to a statement from Asia Healthcare Holdings (AHH).
It added that the Asian Institute of Nephrology and Urology (AINU) is a network of specialty hospitals providing urology and nephrology care in four cities with a focus on robotic urology surgery. The acquisition and AHH’s entry into the urology and nephrology segments, according to the company, mark its expansion into a fourth specialty.
AINU operates seven hospitals across Hyderabad, Visakhapatnam, Siliguri and Chennai, with more than 500 beds and over 4 lakh patients treated. It has also completed over 1,000 robotic urology surgeries. “AINU not only adds a new speciality to the AHH platform but also strengthens our vision of scaling the single speciality healthcare delivery ecosystem in the country”.
India is among the top three nations globally that has the highest incidence of urological disorders, the high incidence of diabetes and hypertension is also accelerating the prevalence of chronic kidney disease, he said, adding the acquisition would bridge the demand-supply gap in the urology and nephrology speciality healthcare delivery in the country.
AINU Managing Director and Chief Consultant Urologist Dr C Mallikarjun said, “We are making robotic urology surgery accessible to patients not just in urban India but also in tier 2 cities. Broadly we see a higher incidence of Uro-Oncology, Uro-Gynaecology and Pediatric Urology in the years ahead. We believe AHH has the legacy and is the right partner for the next phase of growth of our enterprise”.
AHH was launched in 2017. It is a single specialty investing and operating healthcare platform funded by TPG Growth and GIC, Singapore’s sovereign wealth fund. It owns and runs Motherhood Hospitals, a network of 23 women and children’s hospitals across 11 cities in India, and Nova IVF Fertility, a chain of 68 IVF centers across 44 cities in India and South Asia.
