Asia Healthcare agrees to buy Nova IVIJuly 5, 2019
Asia Healthcare Holdings (AHH), a platform founded by TPG Growth, said that it has reached a definitive agreement to buy Nova IVI Fertility.
Nova Fertility, an infertility treatment provider, operates India’s second-largest network of in-vitro fertilization (IVF) centres with 20 facilities across 15 cities, reports said.
Over 10,000 IVF treatments are being performed by the centres annually with 60 IVF and gynaecology specialists and 50 embryologists.
AHH runs 12 hospitals across India for women and children under the Motherhood brand.
With the acquisition of Nova, AHH will create the largest healthcare platform in India focused on the mother and child. The platform would aim to power multiple single specialty healthcare delivery companies through a single management team, TPG said.
Nova Fertility was formed in 2011 when Nova Pulse IVF, a division of Nova Medical Centres, entered into a technical partnership with IVI, a Spanish chain of IVF clinics.