PE Fund Investments
TPG-backed AHH to acquire majority stake in renal care chain AINU for Rs.600-Cr
TPG Growth promoted Asia Healthcare Holdings (AHH) is acquiring a majority stake in Hyderabad-headquartered Asian Institute of Nephrology and Urology (AINU) for INR 600 crore. The investment in AINU, which operates seven specialty hospitals in urology and nephrology segments across Hyderabad, Visakhapatnam, Siliguri and Chennai, will be made through a mix of primary and secondary infusion. Founded in 2013 by a team of urologists and nephrologists led by Dr. C. Mallikarjuna and Dr. P.C. Reddy, AINU network has more than 500 beds, treated more than four lakh patients and completed over 50,000 procedures. 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.
From the Venture Intelligence PE-VC Deal Database: In Oct-2016, AINU had received an investment from HealQuad.
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