Vishal Bali, Executive Chairman, AHH, continues to see huge growth opportunities in single speciality healthcare delivery enterprises
Asia Healthcare Holdings (AHH), the single speciality hospital-focussed healthcare platform backed by GIC and TPG, announced that GIC, Singapore’s sovereign wealth fund, will invest an additional $150 million in AHH. This follows GIC’s first investment of $170 million in AHH in February 2022.
“We started AHH as a healthcare delivery platform that would invest, transform and grow single speciality enterprises under one holding company,” said Vishal Bali, Executive Chairman, AHH. “Over the years, our differentiated investment approach has since delivered strong growth opportunities to bridge the demand-supply gap of healthcare services in India. Together with our seasoned leadership team, targeted investments in cutting-edge medical technology and steadfast focus on providing quality care to patients, we have successfully transformed our single speciality healthcare enterprises into market leaders within a short period."
“Looking ahead, we continue to see huge growth opportunities in single-speciality healthcare delivery enterprises. AHH’s distinct operating model and the synergies we can leverage from the scale of the platform will enable us to replicate our success across the new specialities we bring under our fold. GIC and TPG Growth’s long-term commitment to AHH is the catalyst to accelerate our growth,” Bali added.
“Since TPG Growth first incubated AHH in 2016, we have stayed focused on our mission to take a differentiated approach to healthcare investing, which is to build and grow businesses that are adding value to the healthcare system that enable better outcomes for patients,” said Ankur Thadani, Partner, TPG. “We are proud to have supported AHH’s rise to market leadership, and in continuing our partnership with GIC, aim to support AHH as they further innovate and scale their platform across India.”
“We are pleased to continue supporting AHH’s growth with our long-term capital, global network, and resources. As a long-term investor, we are confident in India’s single-speciality healthcare sector, which has strong tailwinds for growth driven by increasing per capita income, urbanisation, high awareness of speciality care, and improved supply of high-quality clinics. AHH’s potential to expand into newer sub-segments positions it well for continued success,” said Choo Yong Cheen, Chief Investment Officer of Private Equity, GIC. “Our additional investment reflects our confidence in AHH’s management team and the strength of its differentiated brands' diversified businesses. We look forward to deepening our partnership with Vishal and the AHH team in their mission to make quality healthcare more accessible and affordable in the market,” said Pankaj Sood, Head of Direct Investments, India and Africa, Private Equity, GIC.
