GIC Increases Investment by $150 Million in Asia Healthcare Holdings

Here’s a simplified and rewritten version of the content:

—

### Major Investment from GIC Boosts Asia Healthcare Holdings

Asia Healthcare Holdings (AHH), a company specializing in running hospitals focused on specific medical fields, has secured a $150 million investment from GIC, the sovereign wealth fund of Singapore. This comes after GIC’s initial investment of $170 million in AHH back in February 2022. AHH also has the backing of TPG, an alternative asset management firm.

Based in Bangalore, AHH has poured around $300 million into various hospital networks that specialize in areas like Oncology, Mother & Childcare, Urology & Nephrology, as well as IVF & Fertility services.

AHH’s healthcare network includes Motherhood Hospitals, Nova IVF, and the Asian Institute of Nephrology & Urology (AINU). Motherhood Hospitals is a nationwide chain offering comprehensive care for mothers and children, ranging from pre-conception to post-birth care, and is known for having the largest network of Neonatal Intensive Care Units (NICUs) in India. Nova IVF is a top provider of fertility treatments across South Asia. AINU is a unique hospital network in India dedicated to Urology & Nephrology, offering advanced treatments like robotic surgery and complex nephrology procedures.

Vishal Bali, the executive chairman of AHH, stated, “We established AHH as a platform to invest in, transform, and grow specialized healthcare enterprises under one umbrella. Our unique investment strategy has successfully created growth opportunities to address the healthcare demand and supply gap in India.”

He continued, “We foresee significant growth potential in specialized healthcare services. AHH’s unique operational model and the synergies from our platform’s scale will help us replicate our success in new specialties. The long-term commitment from GIC and TPG Growth is crucial for accelerating our growth.”

Choo Yong Cheen, the chief investment officer of private equity at GIC, expressed confidence in India’s single specialty healthcare sector, citing factors like rising income, urbanization, increased awareness of specialty care, and better availability of high-quality clinics as drivers of growth. He believes AHH’s potential to expand into new sub-sectors positions it well for ongoing success.