The Fred Hollows Foundation, Australia, Rohto Pharmaceutical, Japan, and TVM Capital Healthcare, Singapore and Dubai announced the closing of a significant equity investment in Alina Vision, a leading eye care business which currently operates two hospitals in Vietnam.
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Alina Vision was founded by international development organisation The Fred Hollows Foundation in 2018. Over the past five years The Fred Hollows Foundation and Rohto Pharmaceutical, a leading eyecare company in Japan, have provided financial backing, eye surgery training and clinical support to Alina Vision to grow the organisation from inception to more than 80 employees across two eye hospitals.
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The demand for cataract surgeries is expected to rise significantly, surpassing the available service supply. The investment of industry specialist growth capital investor TVM Capital Healthcare will provide Alina Vision access to operational, clinical, training, and management resources, in addition to the equity investment, and accelerate the growth plans while elevating quality of care.
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Hoda Abou-Jamra, Managing Director of TVM Capital Healthcare in Southeast Asia, commented: “This deal marks the most substantial investment by TVM Capital Healthcare in the region to date. We look forward to working closely with the management team of Alina Vision to execute our mutually agreed expansion plans. This investment is testament to our impact investment strategy, which is to design, build, and scale promising healthcare solutions that address patients’ needs and fill market gaps, ultimately contributing to equal access to quality healthcare.”
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Ian Wishart, CEO of the Fred Hollows Foundation, added: “We are very pleased to have TVM Capital Healthcare on board to support us and the Alina Management team in scaling the business to help reduce avoidable blindness in Vietnam and the region. Alina Vision already invests significant resources in recruiting and training Ophthalmologists, Optometrists and Nurses with our and Rohto’s help. We can now enhance our efforts and execute on our growth plans.”
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About TVM Capital Healthcare
TVM Capital Healthcare is an emerging markets-focused healthcare private equity firm headquartered in Singapore and Dubai, with offices in Riyadh, Boston, Munich, and Ho Chi Minh City. The firm invests expansion and growth capital in healthcare companies with a focus on specialized and tech-enabled healthcare services, digital health solutions and platforms, as well as manufacturing companies in pharmaceuticals, medical devices, and diagnostics.
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About Alina Vision
Alina Vision is a social enterprise that aims to address the rising demand for eye health services in the world’s most underserved communities. By building a network of eye surgery centers, Alina is bringing an affordable model of eye care that is sustainable and equitable.
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