Asia Healthcare Holdings (AHH), a healthcare operating platform founded by TPG Growth, has signed definitive agreements to acquire Nova IVI Fertility that operates a network of In Vitro Fertilisation (IVF) centres across the country. The financial terms of the deal were not disclosed.

Nova operates the country’s second-largest network of IVF centres, with 20 centres across 15 cities. AHH currently operates a chain of 12 women & children’s (W&C) hospitals under its Motherhood brand, and between Motherhood and Nova, AHH will create the largest mother and child-focused healthcare platform in the country, the companies said in a statement.

AHH team will work alongside Nova Fertility team to build operating synergies and scale the network in the region. With the rise of women healthcare consumers in India, this integrated approach creates a formidable position for AHH, driven by both clinical excellence and geographic reach, it added.

“This acquisition strengthens our thesis of establishing AHH as a leader in building a scaled, transformative and integrated single specialty healthcare platform,”