Quadria Capital backs Malaysian diagnostics provider Lablink

Abrar Mir, Managing Partner and Co-Founder of Quadria Capital

Asia-focused healthcare investor Quadria Capital today announced its investment in Malaysian diagnostics provider Lablink (M) Sdn Bhd. The financial details of the deal were not disclosed.

According to a company statement, the investment comes as part of the private equity firm’s strategy to expand into the medical laboratory services sector. It marks Quadria Capital Fund L.P.’s eighth investment in Southeast and South Asia since its launch in 2015.

“We believe that the region’s diagnostics industry is ripe for consolidation and Lablink is well positioned to become a leading pan-Southeast Asian diagnostics provider. Its ambition dovetails with Quadria Capital’s investment philosophy of supporting healthcare businesses that are focused on delivering quality care across the region,” said Quadria Capital managing partner and co-founder Abrar Mir.

“Our partnership with Lablink will allow the company to leverage Quadria Capital’s experience in growing diagnostics providers across the region, as well as other synergistic opportunities arising from our portfolio and network,” he added.

Kuala Lumpur-based Lablink is a subsidiary of private healthcare provider KPJ Healthcare Berhad; the latter acquired it in 1991 to manage all the hospital laboratories within the KPJ Group. Lablink currently provides diagnostic services to the KPJ Group of hospitals and other healthcare providers in Malaysia.

In July last year, Quadria Capital had closed an investment in FV Hospital (FV) in Vietnam and also acquired a significant stake in MWH Holdings in Singapore, the holding company for the Singapore Heart, Stroke and Cancer Centre.

In April 2017, Dabur family-owned HealthCare at Home had also raised $40 million from Quadria Capital.

Founded in 2010 by former Religare executives Amit Varma and Abrar Mir, health sector-focused Quadria has invested in over 16 companies in the Asia Pacific region through its three funds. It currently has around $1.5 billion of assets under management.

Also Read:

Malaysia: PRG Healthcare to acquire Roopi Medical Centre for $4.6m

Valuations in healthcare space continue to be excessive across Asia: Abrar Mir, Quadria Capital

Quadria Capital invests in Vietnam’s FV Hospital & Singapore’s MWH Holdings

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
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