Asia Healthcare Holdings (AHH) has inked definitive agreement to buy Nova IVI Fertility. Founded by US private equity firm TPG Growth, AHH at present operates a chain of 12 women and children’s hospitals across India under the Motherhood brand.
Nova fertility is operating India’s second largest network of in vitro fertilisation (IVF) centres with 20 centres across 15 cities.
Between Motherhood and Nova, AHH will be developing the largest mother and child-focused healthcare platform in the country.
Naresh Rao, CEO, Nova Fertility, said, “We are excited to see Nova Fertility join the AHH platform which has proven expertise in growing and scaling healthcare delivery systems. This will unlock Nova’s growth potential and strengthen our proposition in India’s fast-growing fertility segment.”
Ankur Thadani of TPG stated, “Nova is well positioned to be a leader in IVF & fertility care with its best-in-class clinical capabilities and brand pull among clinician and patient community. This acquisition strengthens our thesis of establishing AHH as a leader in building a scaled, transformative and integrated single specialty healthcare platform.”
Vishal Bali, Executive Chairman, AHH, added, “We believe Women healthcare consumers need one destination of care and that gets well served through our service offerings of Motherhood Hospitals & Nova Fertility.”