Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, March 01 2021 - 18:35
AsiaNet
TVM Capital Healthcare Exits Cambridge Medical and Rehabilitation Center for US$ 232 Million, a 4.6x Return on Capital Invested
SINGAPORE, March 1, 2021 /PRNewswire-AsiaNet/ --

    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
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