- Collaboration set to provide clinical and operational excellence
- Focus on synergies, innovation and market access in selected emerging healthcare markets
Singapore/Dubai, 09 November 2020: Today TVM Capital Healthcare, a specialist healthcare private equity firm, and GE Healthcare announced a strategic collaboration to support and accelerate the growth of transformational healthcare companies across selected emerging healthcare markets in the ASEAN and MENA regions.
Under the agreement, TVM Capital Healthcare’s current and future portfolio companies will have access to GE Healthcare’s strong market presence and network in the Middle East, North Africa and Southeast Asia. Both parties will contribute their complimentary expertise and capabilities to promote and support the success of these innovative healthcare companies with ambitious growth plans in both regions.
The overall objective is to provide innovative healthcare companies in the ASEAN and MENA regions with the opportunity to tap all possible options to improve their clinical quality, refine their growth strategy, increase market access, and by honing operations, reduce the cost of healthcare provision.
Dr. Helmut Schuehsler, CEO & Chairman of TVM Capital Healthcare in Singapore and Dubai, said: “By combining TVM Capital Healthcare’s experience as a dedicated emerging markets healthcare private equity firm with GE Healthcare’s global expertise in healthcare technology and operations, this collaboration will provide innovative healthcare companies across Southeast Asia and MENA with best-in-class clinical solutions and unrivalled market access opportunities.
“Our investments are driven by extensive research to ensure that we meet gaps in healthcare provision. We passionately believe that the implementation of new technology not only in digital health, remote health and precision health, but also in process and supply chain management provides ways to better serve patients and an expected specialization of services will complement public hospital-based systems. Our partnership with GE Healthcare is testament to this belief.”
Kieran Murphy, GE Healthcare President & CEO, commented: “At GE Healthcare, we are focused on helping increase capacity within the health system, improving productivity and driving better outcomes for patients and clinicians around the world. As healthcare in emerging markets continues to grow and more people have access to advanced care, technology plays a critical role in delivering more precise diagnosis, therapy and monitoring. Public and private investment into health systems will help drive this shift. We are pleased to work with TVM Capital Healthcare to make a lasting impact on the communities we serve – whether in the delivery of care or strategic projects involving hospital planning, digital connectivity and education.”
About TVM Capital Healthcare
TVM Capital Healthcare is a globally active healthcare expansion and growth capital investor, operating in emerging markets. The firm’s leadership team has a strong track record of investing in Europe, the U.S., the Middle East and Asia, for more than 35 years. Headquartered in Singapore and Dubai, with representative offices in Munich and Boston, the firm invests in companies that transform the way healthcare is delivered to provide quality healthcare services, cost-effectively, with improved accessibility. TVM Capital Healthcare aims to connect novel solutions with unmet medical demand generates sustainable returns for investors, combined with measurable positive impact on investee companies and the communities they serve.
About GE Healthcare
GE Healthcare is the $16.7 billion healthcare business of GE (NYSE: GE). As a leading global medical technology and digital solutions innovator, GE Healthcare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications and services, supported by its Edison intelligence platform. With over 100 years of healthcare industry experience and around 50,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world.
Media Contact TVM Capital Healthcare
Monika Schlesinger, firstname.lastname@example.org
Brunswick Gulf on behalf of TVM Capital Healthcare
Charlie May, TVMCAPITAL@brunswickgroup.com
Media Contact GE Healthcare
Nader Abou-Guendia, GE Healthcare – Europe, Middle East & Africa
Denise Nah, GE Healthcare – ASEAN