TPG Growth acquires stake in Sri Lankan private healthcare business
December 11, 2015
TPG Growth has acquired a 28% stake in Asiri Hospital Holdings, the largest multi-specialty private healthcare business in Sri Lanka, from Actis. Established in 1980, Asiri has a network of four hospitals with roughly 570 beds, representing about 30% of the Sri Lanka's private sector capacity. The company employs more than 800 consultant doctors across numerous specialties. Actis had backed Asiri since October 2012.