 "Temasek invests $50 million in TPG Growth’s Asia healthcare platform")
US private equity major TPG Growth’s healthcare platform, Asia Healthcare Holdings, on Thursday said it has raised $50 million (Rs 3.43 billion) from an arm of Singapore's Temasek Holdings.
Led by Vishal Bali, Asia Healthcare targets investment opportunities in single-speciality healthcare businesses. Bali had resigned as Fortis Healthcare Group CEO in December 2014. In the same year, he co-founded home healthcare services provider Medwell Ventures.
Asia Healthcare has made two investments: Rhea Healthcare Pvt Ltd, which runs a hospital chain under the Motherhood brand, and the other is Cancer Treatment Services International (CTSI). Asia Healthcare had bought a 65% stake
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