TPG fund buys nephrology chain AINU

Bengaluru : TPG-backed Asia Healthcare Holdings (AHH), which focuses on single specialty healthcare delivery chains, has acquired a majority stake in Asian Institute of Nephrology and Urology (AINU) for Rs 600 crore.

AINU was founded in 2013 by a team of urologists and nephrologists led by Dr C Mallikarjuna and Dr P C Reddy. The network has over 500 beds, completed over 50,000 procedures and has treated over 400,000 patients. The company operates seven hospitals across Hyderabad, Visakhapatnam, Siliguri and Chennai.
The acquisition marks AHH’s foray into urology and nephrology, its fourth specialty segment.