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Healthcare Chain To Expand In India
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Infertility clinic chain Bourn Hall International is planning to expand its footprint in India in the next two to three years. The company, which runs clinics in Delhi and Kochi, has earmarked $100 million for setting up five to 10 centres in the country.
Established by European private equity fund TVM Capital, Bourn Hall International’s new ventures will be in the National Capital Region of Delhi, Gaurav Malhotra, chief executive of the India business says.
“There is a significant need for a highly structured player in the infertility treatment space in India. Bourn Hall has achieved success in two locations. The significant investment we made in technological advancement, world class infrastructure and training of our medical team has enabled us to achieve a leadership position in the markets we serve”, Jay Higham, board member of Bourn Hall International said.
TVM, which specialises in life sciences and healthcare investments, is also looking at other investment opportunities in India. “Bourn Hall has been our first engagement in India and we have recently started to look more actively into other exciting healthcare opportunities. At the same time, there is an increasing number of healthcare entrepreneurs from India who have proactively approached us for financing their growing business”, Youssef Haidar, Partner, TVM Capital MENA said.
The other investments could be in the area of homecare and long term care for non-critical patients, the two segments where TVM have established branded entities in the Middle East. “Homecare is very exciting. We are looking at the possibilities of establishing a business in India”, Hoda Abou Jamra, founding partner, TVM Capital MENA said.
Unlike a typical private equity investor that puts in money in existing companies with growth potential, TVM has diverse ways of investment. “We sometimes conceptualise companies ourselves”, Helmut M Schuhsler, chairman & CEO, TVM Capital MENA said.
TVM not only invests in equity capital, it also develops business and growth concepts and to the extent necessary or useful, gets involved in its operations.
While TVM Capital MENA was established in 2009 as the region’s first private equity firm dedicated exclusively to healthcare sector, its parent entity is 30 years old and has a track record of making more than 120 investments and 40 initial public offerings from its portfolio companies in the healthcare sector. TVM Capital Group currently manages around $1 billion of healthcare and life science investment capital from more than 50 international investors which includes GE and the World Bank’s investment arm International Finance Corporation.