Symphony invests in eye health – Symphony International Holdings is making an investment in ASG Hospital Private Limited, a full service eye-healthcare provider with operations in India, Africa and Nepal.
ASG was co-founded in Rajasthan, India in 2005 by Dr. Arun Singhvi and Dr. Shashank Gang. ASG’s operations have since grown to 33 clinics, which offer a full range of eye-healthcare services, including outpatient consultation and a full suite of inpatient procedures (cataract, retina surgeries, Lasik, glaucoma, cornea and other complicated eye surgeries). ASG also operates an optical and pharmacy business, which is located within clinics.
Symphony is investing alongside Foundation Holdings, a global investment firm focused on building sustainable, industry defining companies in India and GCC’s healthcare and education sectors. Symphony and Foundation are, in equal proportion, investing in ASG. Symphony will have a significant minority interest in ASG at a cost of less than 5% of NAV.
Anil Thadani, chairman of Symphony Asia Holdings Pte. Ltd. and a director of Symphony, said: “We are excited with the opportunity to partner with Dr. Arun Singhvi and Dr. Shashank Gang to further build the ASG business. The Symphony management team have extensive experience investing in and building healthcare businesses and we look forward to adding value with Foundation Holdings to the ASG business“.
SIHL : Symphony invests in eye health
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