(Reuters) – Singapore’s sovereign wealth fund GIC will invest an additional $150 million into India-based Asia Healthcare Holdings, the companies said on Wednesday.
This follows GIC’s initial investment of $170 million into the U.S. private equity TPG-backed single specialty hospital investment firm in February 2022.
“As a long-term investor, we are confident in India’s single specialty healthcare sector, which has strong tailwinds for growth”, said Choo Yong Cheen, GIC’s chief investment officer of
private equity.
Asia Healthcare has invested about $300 million across hospital chains in specialties such as oncology, mother & childcare and urology, among others.
(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Varun H K)
