Single specialty healthcare delivery platform Asia Healthcare Holdings (AHH) is acquiring a majority stake in Asian Institute of Nephrology and Urology (AINU) for ₹600 crore.
The investment in AINU, which operates seven hospitals across Hyderabad, Visakhapatnam, Siliguri and Chennai, will be made through a mix of primary and secondary infusion, AHH said in a release on September 20, without specifying the stake being acquired.
It marks TPG Growth and Singapore’s sovereign wealth fund GIC-backed investing and operating healthcare platform’s foray into urology and nephrology segment. AHH, launched in 2017, owns and operates Motherhood Hospitals network of 23 women and children’s hospital across 11 cities and Nova IVF Fertility chain of 68 IVF centres in 44 cities in India and South Asia. It also built oncology hospital chain CTSI before exiting the company in 2019.