{"id":23442,"date":"2022-02-14T11:42:43","date_gmt":"2022-02-14T06:12:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-asia-healthcare\/"},"modified":"2022-02-14T11:42:43","modified_gmt":"2022-02-14T06:12:43","slug":"biz-asia-healthcare","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-asia-healthcare\/","title":{"rendered":"Asia Healthcare to raise $170 mn from Singapore sovereign wealth fund GIC"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3294801090\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 14 (PTI) Healthcare delivery platform Asia Healthcare Holdings (AHH) on Monday said it has inked a pact to raise USD 170 million (around Rs 1,284 crore) from Singapore&#8217;s sovereign wealth fund GIC.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3464067039\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Incubated by TPG Growth in 2016 under the leadership of Vishal Bali, AHH\u00a0owns and operates South Asia&#8217;s largest single specialty healthcare delivery platform with a unique approach to growing and scaling various single specialty healthcare companies under one enterprise.\u00a0 \t GIC&#8217;s partnership with TPG will help AHH add more healthcare enterprises under its network.<\/p>\n<p> Till date, AHH has invested around USD 200\u00a0million\u00a0across single specialty healthcare enterprises in oncology,\u00a0mother and childcare, and fertility.<\/p>\n<p> &#8220;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,&#8221; AHH Executive Chairman Vishal Bali said in a statement.<\/p><div class=\"trade-content_5\" id=\"trade-3808740280\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> From Cancer Treatment Services International to Motherhood and Nova IVF,\u00a0the company&#8217;s innovative operating platform has built a strong track record of turning niche single specialty providers into market leaders in a short time, he added.<\/p>\n<p> &#8220;We continue to see significant opportunities 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,\u201d Bali noted.<\/p>\n<p> AHH commenced operations in 2016 with the acquisition of Cancer Treatment Services International (CTSI), which operated one facility in Hyderabad, India.<\/p>\n<p> By 2019, when TPG sold CTSI to Varian Medical Systems, it had become a leading provider of oncology services in South Asia and expanded to a network of 11\u00a0cancer hospitals with a pipeline of several more hospitals under execution.<\/p>\n<p> Similarly, Motherhood Women &#038; Children&#8217;s Hospital network has grown from 3 hospitals in\u00a02017 to 16 hospitals in 2021, with several other facilities under execution.\u00a0 \t Most recently, AHH acquired Nova IVF in 2019\u00a0and grew it from 19 IVF centres to 50 IVF centres across 35 cities in India and South Asia.\u00a0 \t &#8220;We are delighted to partner with AHH management and TPG to bring our long-term capital, global network and resources to support the growth of the AHH platform,&#8221; Chief Investment Officer of Private Equity for GIC Choo Yong Cheen stated. PTI MSS  MKJ MKJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-2217267638\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 14 (PTI) Healthcare delivery platform Asia Healthcare Holdings (AHH) on Monday said it has inked a pact to raise USD 170 million (around Rs 1,284 crore) from Singapore&#8217;s sovereign wealth fund GIC. Incubated by TPG Growth in 2016 under the leadership of Vishal Bali, AHH\u00a0owns and operates South Asia&#8217;s largest single specialty [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-23442","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia Healthcare to raise $170 mn from Singapore sovereign wealth fund GIC - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-asia-healthcare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia Healthcare to raise $170 mn from Singapore sovereign wealth fund GIC\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 14 (PTI) Healthcare delivery platform Asia Healthcare Holdings (AHH) on Monday said it has inked a pact to raise USD 170 million (around Rs 1,284 crore) from Singapore&#8217;s sovereign wealth fund GIC. 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