HealthQuad Makes Successful Exit from Asian Institute of Nephrology and Urology (AINU)

Healthcare venture capital firm HealthQuad has concluded its investment in the Asian Institute of Nephrology and Urology (AINU), securing a significant return on its initial investment. This exit marks a major milestone for HealthQuad, representing the fourth successful divestment from their inaugural fund launched in 2016.

AINU’s Nationwide Expansion

Since the initial investment, AINU has witnessed remarkable growth, transforming from a single facility in Hyderabad to a network of seven hospitals spanning multiple Indian cities, such as Chennai, Siliguri, and Visakhapatnam. This strategic expansion not only increased AINU’s bed capacity by a factor of five but also led to a substantial 200% rise in patient volume.

Founded in 2013 by Dr. C Mallikarjuna and Dr. P.C. Reddy, AINU specializes in providing comprehensive urology and nephrology care. The institute boasts a legacy of serving over 400,000 patients and performing more than 50,000 procedures.

HealthQuad’s Continued Growth

With the successful exit from AINU, HealthQuad continues to manage its robust second fund, valued at $162 million. A significant portion (65-70%) of this fund has already been deployed across twelve different healthcare investments.

Looking ahead, HealthQuad is actively pursuing the establishment of a third fund with a target corpus of $300 million. This fund will focus on a diverse range of healthcare sectors, encompassing cell and gene therapy, vaccines, and medical equipment, among others.

HealthQuad’s Impact on AINU

HealthQuad’s initial investment in AINU in 2016 proved to be instrumental in establishing a prominent pan-India single-specialty hospital chain. Their support has also been crucial in facilitating the adoption of cutting-edge technologies within AINU, ultimately improving access to specialized healthcare services across India. Notably, the collaboration has resulted in the execution of over 1,000 robotic urology surgeries and more than 200,000 dialysis procedures.