05-Jul-18, Business Standard
US private equity major TPG Growth’s healthcare platform, Asia Healthcare Holdings, said it has raised USD50 mn from an arm of Singapore's Temasek Holdings.
%20Business%20Standard.jpg "Temasek invests USD50 mn in TPG Growths Asia healthcare platform (c) Business Standard")
Image: Business Standard
Asia Healthcare targets investment opportunities in single-speciality healthcare businesses and has made two investments: Rhea Healthcare Pvt Ltd, which runs a hospital chain under the Motherhood brand, and Cancer Treatment Services International (CTSI).
Asia Healthcare bought a 65% stake in CTSI for USD33 mn in 2016.