Asia Healthcare gets additional $150 million funding from GIC
Asia Healthcare Holdings on Wednesday said it has received an additional USD 150 million funding from Singapore's sovereign wealth fund GIC.
Asia Healthcare Holdings on Wednesday said it has received an additional $150 million funding from Singapore's sovereign wealth fund GIC.
GIC had invested $170 million in Asia Healthcare Holdings (AHH) in February 2022.AHH's platform today includes Motherhood Hospitals, Nova IVF, and Asian Institute of Nephrology & Urology (AINU) hospitals.
"We started AHH as a healthcare delivery platform that would invest, transform and grow single speciality enterprises under one holding company," Vishal Bali, Executive Chairman at AHH, said.
"Over the years, our differentiated investment approach has since delivered strong growth opportunities to bridge the demand-supply gap of healthcare services in India," he added.
GIC Private Equity Chief Investment Officer Choo Yong Cheen said that as a long-term investor, the wealth fund is 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, he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

LIC Saral Pension Plan: How to get Rs 64,000 annual pension on Rs 10 lakh one-time investment in this annuity scheme that everyone is talking about

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

Rs 1,500 Monthly SIP for 20 Years vs Rs 15,000 Monthly SIP for 5 Years: Know which one can give you higher returns in long term

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

Income Tax Calculations: What will be your tax liability if your salary is Rs 8.25 lakh, Rs 14.50 lakh, Rs 20.75 lakh, or Rs 26.10 lakh? See calculations

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
05:04 PM IST