Health Care Private Equity Investments in India -

A flurry of recent private equity (PE) investments in the Indian health care sector demonstrates strong investor appetite and opportunities.

India is one of the fastest growing health care markets in the world, estimated to grow at a 22 percent compound annual growth rate to $372 billion by 2022, according to an ASSOCHAM-RNCOS report.

ACTIVE MARKET -

The recent health care deal flow has been impressive. Advent has invested in Care Hospitals. Quadria has invested in a number of single specialty Indian health care assets. TPG is the market leader for health care investments in India, where its portfolio includes Manipal Hospitals, Sai Life Sciences and Quality Care India. TPG has also invested in Asia Health Care Holdings (AHH), a health care operating and investment platform. The AHH portfolio includes Cancer Treatment Services International, a network of cancer hospitals; and Rhea Health Care, which operates a network of hospitals for women and children under the Motherhood brand. TPG’s other health care investments in India have included Sutures India, a manufacturer and exporter of medical consumables, from which it successfully exited in 2018.