Private capital groups eye unpenetrated speciality care groups in India and SEA

Quadria Capital said Southeast Asia should invest in a specialist talent pool.

Speciality care groups in India and SEA are an unpenetrated market in healthcare and private capital groups are looking to invest in it, a study from the Global Capital Private Association citing Quadria Capital showed.

“There’s tremendous value in leveraging clinical expertise and high-quality care over a broader network – greater scale brings improved access at affordable prices, thanks to the economies of scale created,” said Ewan Davis, partner at Quadria Capital.

Specifically, India has a deep pool of specialist doctors, which is why there is a large speciality care hospital networks in the market. Meanwhile, in Southeast Asia, there are less similar models but Davis said the region should invest in increasing its specialist talent pool.

Amongst the speciality care investments documented in the third quarter of 2023 are Maxivision Eye Hospital in India, which manages eye hospitals providing treatments for cataracts, glaucoma, retinal detachment, and more. It has a deal value of US$155m.

ASG Eye Hospitals in India, which has a deal value of US$188.4m, operates 150 eye hospitals offering treatments for cataracts, diabetic retinopathy, glaucoma and more.

S-Spine and Nerve Hospital in Thailand, which was a buyout. It has spine and nerve specialists offering minimally invasive surgery techniques like PSLD.

Oasis Fertility in India, which has a deal value of US$50m, operates over 28 centres dedicated to advanced fertility treatments.

Phuong Chau in Vietnam has a network of three multispecialty hospitals focused on obstetrics, paediatrics and neonatal medicine.