BioSpectrum Asia

AHH secures $170M from Singapore’s GIC

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Asia Healthcare Holdings (AHH), a platform backed by TPG Growth, has raised $170 million from Singapore-based sovereign wealth fund GIC, in one of the largest investment­s made in the Indian singlespec­ialty healthcare sector. Incubated by TPG growth in 2016 under the vision of Vishal Bali, AHH is South Asia’s largest single-specialty healthcare delivery platform following an umbrella-issue approach for helping various single-specialty enterprise­s to grow and scale effectivel­y. AHH has invested more than $200 million across various verticals like oncology, mother and childcare, alongside establishi­ng market leadership in all such segments. With this partnershi­p, more entities are expected to be added to this network. AHH’s most recent acquisitio­n includes Nova

IVF, which it gained in 2019, facilitati­ng its growth from just 19 IVF centres to almost 50 centres in India and South Asia.

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