Kuala Lumpur, August 2024 - Private equity management firm Crewstone International has announced its collaboration with Andorra Healthcare Berhad to launch the Andorra Healthcare Fund, a MYR150 million growth capital fund dedicated to investing in healthcare companies throughout the Asia-Pacific region. This pioneering fund seeks to leverage the region's robust growth potential and strategic significance to accelerate development and expand market reach for the businesses it supports.
The fund focuses on established businesses with a strong market presence, offering the financial support needed to scale operations, develop new projects, and enhance market strategies.
Making a health-conscious impact
Keng Fai Wong, Investment Director at Crewstone International, led the team in establishing the RM150 million Healthcare Fund and has high hopes in making a significant impact in the sector.
"This marks a significant milestone in our journey to support the healthcare sector, as we firmly believe in healthcare as a fundamental necessity. Our partnership with Andorra is not just about numbers — it's about humanizing healthcare. We look forward to scaling Andorra Healthcare to new heights, driving impactful change in the industry, and making a lasting difference." added Keng Fai.
Andorra Women and Children Hospital, founded and led by Dr. Khamsiah Muda, is a distinguished establishment dedicated to addressing the healthcare needs of women and children. Recognized as a Centre of Excellence in the industry, Andorra was established on December 22, 2017, with a focus on physical, emotional, and psychological well-being. The hospital operates with a Shariah-friendly concept, prioritizing the comfort and privacy of women from all walks of life and ensuring that care is provided by female professionals..
Strength in strategic partnerships
Crewstone International is a licensed private equity firm in Malaysia dedicated to creating funds that focus on various investments, including healthcare, in the Asia-Pacific region. The firm upholds rigorous governance and transparency standards, managing its funds with the highest levels of integrity and accountability.
On the other end of this significant deal, Andorra Healthcare Berhad, the parent company of Andorra Specialist Hospitals, oversees a diverse portfolio of healthcare ventures across the region. Focused on innovation and excellence, Andorra Healthcare Berhad drives the development of cutting-edge medical services and strategic investments, shaping the future of healthcare. The partnership between Crewstone and Andorra aims to further enhance these efforts, leveraging their combined expertise to build a healthier tomorrow.
About Crewstone International Private Equity
Crewstone International Private Equity is one of the most innovative and high-returning private equity firms based out of Malaysia. The company's diversified investment portfolio includes investments in healthcare, technology, real estate, and other segment fields that are underwriting strategic growth with strength.
With a strong track record for successful asset management and private investments empowered by a strong network of partnerships in the ASEAN region, Crewstone International sets its sights on further expansion to strengthen its position for more solutions enabling strategic investments.
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