AsiaNet 88288

SINGAPORE, March 1, 2021 /PRNewswire=KYODO JBN/ --

     TVM Capital Healthcare, a global specialist healthcare private equity firm

operating in emerging markets, announces the successful sale of its portfolio

company Cambridge Medical and Rehabilitation Center ("CMRC") to UAE-based

publicly traded investment company, Amanat Holdings PJSC. CMRC is the leading

post-acute care and rehabilitation services provider in the MENA region. TVM

Capital Healthcare has a long track record of successfully investing in and

growing specialty care companies with investment and operation teams in the

MENA region and Southeast Asia.

    The sale of CRMC represents the third successful exit of the $134 million

funds managed and arranged by TVM Capital Healthcare.  Distribution to

investors of Paid-In capital (DPI) amounts to 2.4 times funds invested to date,

with two companies still in the portfolio.  Compounded returns amount to 28.0%

Gross IRR / 19.7% Net IRR, a performance in the Upper Quartile of similar

vintage funds, benchmarked against Cambridge Associates Emerging Markets PE and

VC Funds.

    As a highly active growth capital investor, TVM Capital Healthcare has

invested and grown CMRC to be a sustainable healthcare business which continues

to have a significant social impact on the communities it serves. CMRC is fully

accredited by some of the world's top clinical excellence accreditation

organizations, such as Joint Commission International (JCI) and CARF and is

considered a pioneer in post-acute services in its region. CMRC today has a

capacity of 250 licensed beds and out-patient facilities. More recently during

the global COVID-19 pandemic, CMRC demonstrated the benefits of specialist care

outside of hospitals, relieving the public health system by unblocking acute

beds and delivering quality outcomes for the post-acute patients it took on.

    Dr. Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare,

commented: "In 2010, we identified a major unmet need in the region's

healthcare sector. Through the first long-term care company we invested in –

ProVita International Medical Center, exited in 2015 with a 10.7x return on

capital invested - and two years later in 2012, through CMRC- we introduced

highly specialized long-term medical care, rehabilitation, and outpatient

services. Today, we are extremely proud of the value we created with CMRC for

patients, their families, the local healthcare system, and our investors – by

building a centre of healthcare excellence leveraging our 35 plus years of

global healthcare experience, our global network, and the expertise of alliance

partners such as Spaulding Rehabilitation Network, official teaching partner of

the Harvard Medical School Department of Physical Medicine and Rehabilitation."

    Hoda Abou-Jamra, Founding Partner of TVM Capital Healthcare and Managing

Director Southeast Asia, added: "Our early and continued focus on installing

quality and a comprehensive ESG framework has enabled us to build a sustainable

and successful healthcare company that not only has created more than 500 jobs

to date but also has significantly supported its community. Our team in

Southeast Asia is transferring our post-acute care, and other specialty care

expertise, to selected Southeast Asian markets, where we see similar demand."

    Carl Stanifer, Operating Partner of TVM Capital Healthcare and current

Chairman of CMRC, said: "I am proud to have been part of the CMRC journey in

becoming one of the leading post-acute care providers in the region, which

perfectly proof-points our investment strategy. Looking forward, Southeast Asia

will offer TVM Capital Healthcare ample opportunity to execute on its

post-acute care expertise. We see promising investment opportunities there in

meeting specific, underserved healthcare needs in certain segments and areas in

the region where the firm potentially could add operational value."

    About TVM Capital Healthcare

    TVM Capital Healthcare is an emerging markets-focused healthcare private

equity investment firm. The firm invests growth capital in healthcare companies

with a focus on specialized healthcare services, digital health solutions,

pharmaceuticals, medical devices, and diagnostics. Investment and operating

partners have strong international track records in healthcare M&A and

operations. Headquartered in Singapore and Dubai, with representative offices

in Munich and Boston, the firm partners with Middle East and Southeast Asia

management teams to build sector champions and selectively backs companies from

regions such as Europe or North America with expansion projects into the firm's

target geographies. TVM Capital Healthcare's investment approach combines

strong commercial value creation and returns with responsible investing and a

comprehensive ESG framework to build impactful, sustainable, and well-governed

companies, delivering excellent healthcare services, with continued growth and

job creation, in a fair and diverse workplace, with high business ethics.

www.tvmcapitalhealthcare.com

    Logo -

https://mma.prnewswire.com/media/1446186/TVM_Capital_Healthcare_Logo.jpg

    Source: TVM Capital Healthcare