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TPG Growth, a $7-billion growth equity investment platform of TPG, today announced $33 million investment for a significant majority stake in Rhea Healthcare Pvt. Ltd.
The Bengaluru-based healthcare operates a network of mother and child care centres in India under the brand 'Motherhood'.
“This latest investment reinforces our sector focus on healthcare in India and globally,” Puneet Bhatia, Managing Director and Country Head for TPG in India, said in a statement here.
Through TPG’s Growth, Capital, Asia, and Biotech platforms, the firm has invested more than $10 billion in healthcare companies around the world, he added.
"In our work across the healthcare space globally, we’ve identified speciality care networks as an area where there is significant opportunity, especially in emerging markets where patients are just now starting to demand skilled specialists,” said Matthew Hobart, Partner at TPG Growth who leads the fund’s healthcare investments.
Motherhood was built to provide speciality care in the mother and child segment, as the current generation of first-time parents are increasingly looking for a safer and more comfortable birthing experience, the statement said.
Vish Narain, Partner at TPG Growth in India, added, “Motherhood is an early entrant in a space that we believe is prime for growth. The company has already built an impactful network and, working together, we can increase the availability of high-quality gynecological and neonatal care across the country.”
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