Evercare Health Fund

Nigeria, Pakistan, India, Kenya Health

Evercare is an integrated healthcare delivery platform operating in growth markets across Africa and South Asia, including India, Pakistan, Kenya and Nigeria.

Evercare helps communities thrive by improving patient access to clinic and hospital operations, leveraging technology and integration to increase the quality of care.

Evercare is building a foundation of continuous quality improvement and standardized care to improve clinical outcomes and patient safety.

Evercare is wholly owned by the Evercare Health Fund, an emerging markets healthcare fund managed by TPG Growth, the middle market and growth equity investment platform of TPG that also manages The Rise Fund, a global impact investing fund.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Rest of the World
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Health
Website:
http://www.evercaregroup.com/about-us/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
TPG Growth
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
March 2016
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$75m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
CARE (Care Hospitals)

Headquartered in Hyderabad, the CARE Hospitals Group is a specialist healthcare provider. The group has facilities across nine cities operating 2,345 beds throughout central, western and south-eastern India, making it India’s fifth largest healthcare provider by number of beds.

View investment details

India South Asia Health February 2016 Active
Islamabad Diagnostic Centre (IDC)

Founded in 2003, IDC is a leading diagnostics chain in Pakistan which operatesi in 20 centres across Islamabad, Rawalpindi, Wah Cantonment and Hasanabdal. The company has built a successful track record and is known for its latest imaging technologies, broad range of laboratory tests and quick turn-around times and has one of Pakistan’s largest pool of qualified radiologists on its team.

View investment details

Pakistan South Asia Health December 2016 Active
The Avenue Group Limited (Avenue Healthcare)

A leading diversified health services and managed healthcare plan provider offering general and specialist inpatient and outpatient care as well as medical plans to individuals and corporates in Kenya.

View investment details

Kenya Africa, East Africa Health January 2017 Active
Avicenna Healthcare 1 Pak (Private) Limited (Project Rome)

A greenfield opportunity to establish a 450-bed tertiary care hospital that will act as a multi-specialty hub hospital within AGHF's Karachi ecosystem.

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Pakistan South Asia Health February 2017 Active
Gate Healthcare 1 Pak (Private) Limited (Evercare Hospital Lahore)

A partnership with a group of 20+ senior consultants in Lahore, Pakistan to establish a 290-bed multispecialty hospital.

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Pakistan South Asia Health February 2017 Active
Admiralty Hospital Limited (Evercare Hospital Lekki) Nigeria Africa, West Africa Health April 2017 Active
Perregrin Properties Limited (Project Sante) Nigeria Africa, West Africa Health April 2017 Active
Healthlink Management Limited (Nairobi Women’s Hospital) Kenya Africa, East Africa Health May 2017 Active
Metropolitan Hospital Holdings Limited Kenya Africa, East Africa Health November 2017 Active