TPG Growth Invests $33 Million in Rhea Healthcare
Bengaluru-based Rhea Healthcare operates a network of mother and child care centers in India under the “Motherhood” brand
TPG Growth, the $7B growth equity investment platform of TPG, today announced a $33M investment for a significant majority stake in Rhea Healthcare Pvt. Ltd (“Rhea Healthcare”). Bengaluru-based Rhea Healthcare operates a network of mother and child care centers in India under the “Motherhood” brand.
“This latest investment reinforces our sector focus on healthcare in India and globally,” said Puneet Bhatia, Managing Director and Country Head for TPG in India. “Through TPG’s Growth, Capital, Asia, and Biotech platforms, the firm has invested more than $10B in healthcare companies around the world.”
“In our work across the healthcare space globally, we’ve identified specialty 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.
Quality centers that offer specialized birthing and neonatal care are currently limited In India, but are increasingly in demand. As India’s middle class grows, mothers are seeking out exclusive mother and child care centers that offer a combination of clinical expertise and personalized attention. Motherhood has built a network that offers state-of-the-art technology, including high-end neonatal intensive care units, and a dedicated team of highly experienced gynecologists, neonatologists, and pediatricians. The network’s leader, Dr. Mohammed Rehan Sayeed, was trained at the Cleveland Clinic, a leading U.S. non-profit academic medical center.
“Motherhood was built to provide specialty 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,” said Dr. Rehan, Founder of Rhea Healthcare, who was trained at the Cleveland Clinic, a leading U.S. non-profit academic medical center. “We look forward to partnering with TPG Growth to expand our footprint across India and enhance the treatment options we offer patients.”