Asia Health plans new specialty in FY24

livemint.com:

MUMBAI : TPG-backed healthcare platform Asia Healthcare Holdings (AHH) is planning to expand its healthcare offerings by incorporating a new specialty in the current financial year, according to executive chairman Vishal Bali. AHH owns Nova IVF (in-vitro fertilization clinics) and Motherhood Hospitals, “Now that Motherhood and Nova have scaled so well over the last few years, I believe we should have one more specialty in FY24, because it gives us a new growth cycle. Work is on, on that front," Bali added.

While Bali chose not to disclose the specific specialty that AHH intends to enter, he indicated that gastrointestinal care and diagnostics could be areas of interest. He said orthopaedics is also an intriguing segment worth considering. “We could look at gastrointestinal.

(A new specialty) could potentially be diagnostics." The specialty ought to have “stood the test of time", and should have the potential for significant growth, he added. “There are huge specialties which have had significance as standalone disciplines. Say, for example, neurology can never be confined to single specialty, while orthopaedics falls within that category.

Gastrointestinal is interesting because it has both outpatient and inpatient work, and is now having a very strong outpatient element to it particularly in case of endoscopy procedures," he added. AHH is not likely to get into opthalmology given that TPG has invested in Dr Agarwal’s Eye Care in a different capacity, Bali said. TPG Growth had invested in the eye care hospital chain in May 2022.