Asia Healthcare raises $170mn from Singapore's GIC

New Delhi: Healthcare delivery platform Asia Healthcare Holdings (AHH) on Monday said it has inked a pact to raise $170 million (Rs1,284 crore) from Singapore's sovereign wealth fund GIC.

Incubated by TPG Growth in 2016 under the leadership of Vishal Bali, AHH owns and operates South Asia's largest single specialty healthcare delivery platform with a unique approach to growing and scaling various single specialty healthcare companies under one enterprise.

GIC's partnership with TPG will help AHH add more healthcare enterprises under its network. Till date, AHH has invested around $200 million across single specialty healthcare enterprises in oncology, mother and childcare, and fertility.

"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," Vishal Bali, executive chairman, AHH, said in a statement.