Singapore-based Quadria Capital will invest one-third of its recently raised US$304 million in the South Asian healthcare sector, focusing on India.
The company has already invested in Medica Synergie, a hospital network in eastern India.
Dr Amit Varma, managing director of Quadria, pointed out that India spends less than two per cent of the gross domestic product on healthcare, and said: “That’s where private money comes into play. It can help contribute to better and, more importantly, more effective healthcare system across the region.”
He also highlighted the potential of exporting Singapore expertise, noting the access to talent, manpower, technology and cutting-edge medicine.
“Exporting these learnings to our investments can help change the way medicine is practiced across the region,” The Straits Times quoted Dr Varma as saying.
The Quadria investors include the International Finance Corporation of the World Bank, government institutions from Europe and he Middle East as well as institutional investors and family offices.
Two-third of the US$304 million would be invested in South East Asian healthcare sector.
fii-news.com
