GIC to invest $150m in GIC and TPG-backed Asia Healthcare.

GIC, a sovereign wealth fund, agreed to invest $150m in GIC and TPG-backed Asia Healthcare, a single specialty hospitals focused healthcare platform. “We are pleased to continue supporting AHH’s growth with our long-term capital, global network, and resources. As a long-term investor, we are confident in India’s single specialty healthcare sector, which has strong tailwinds for growth driven by increasing per capita income, urbanization, high awareness of specialty care, and improved supply of high-quality clinics. AHH’s potential to expand into newer sub-segments positions it well for continued success,” Choo Yong Cheen, GIC Chief Investment Officer of Private Equity.