MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

TPG Growth Signs a Pact with Varian Medical Systems to Sell Its Cancer Treatment Hospitals Chains for $283 Million

TPG Growth Signs a Pact with Varian Medical Systems to Sell Its Cancer Treatment Hospitals Chains for $283 Million

According to the announcement made by the mid-market and growth equity platform of TPG, TPG Growth, it will now be selling its cancer treatment hospital chains, i.e. Cancer Treatment Services International (CTSI). The firm has signed a definitive pact with Varian Medical Systems where CTSI will be sold for $283 million with the transaction being expected to be closed in two weeks.

Presently, CTSI is run by Asia Healthcare Holdings (AHH) which is owned by TPG Growth.The cancer care platform has a network of cancer treatment facilities in India and South Asia andhelps in building early stage, single-speciality healthcare delivery businesses in the region. Matthew Hobart, partner with TPG Growth, said that the investment in CTSI was made in 2016 believing that it had a strong foothold to attend to the needs and demands of quality cancer care in India. He also added that CTSI has now evolved to become one of the top providers of high-quality oncology services across India and South Asia.

Three years ago, CTSI had just one facility at Hyderabad; now it employs more than 1500 people and owns brands like the US-based CTSI Oncology Solutions, American Oncology Institute and AmPath. In India, the AHH has invested in various healthcare institutions like Nova Fertility and Bengaluru-based Rhea Healthcare Pvt. Ltd. While Nova Fertility runs a huge network of in-vitro fertilization centres across 15 cities, the Rhea Healthcare Pvt. Ltd operates women and children hospitals under the ‘Motherhood’ brands.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED