TVM Capital Healthcare, The Fred Hollows Foundation, Australia, and Japan's Rohto Pharmaceutical have finalised a substantial equity investment in Vietnamese eye care provider Alina Vision.  

Alina Vision was established by The Fred Hollows Foundation, an international development organisation, in 2018. 

It offers affordable eye health services through a network of eye surgery centres to address the needs of underserved communities.  

Over the last five years, The Fred Hollows Foundation and Rohto Pharmaceutical have supported Alina Vision with financial investment, eye surgery training, and clinical assistance, helping the company grow to more than 80 employees and two eye hospitals in Vietnam.  

According to TVM Capital Healthcare, a specialist growth capital investor in the healthcare industry, Alina Vision performed more than 2,800 cataract surgeries last year and is now planning to extend its reach across Vietnam, significantly increasing its capacity. 

With the demand for cataract surgeries expected to outpace the current supply of services, the latest investment by TVM will provide Alina Vision with additional operational, clinical, training, and management resources to accelerate its expansion and enhance the quality of care. 

Furthermore, the completion of this growth-buyout transaction also aligns with TVM Capital Healthcare's impact investing strategy.  

The investment firm, with headquarters in Singapore and Dubai and additional offices in Riyadh, Boston, Munich, and Ho Chi Minh City, focuses on investing in healthcare companies, mainly specialising in tech-enabled services and digital health solutions. 

TVM Capital Healthcare collaborates with local management teams to establish domestic or regional leaders and supports companies from Europe or North America in expanding into their target markets. 

TVM Capital Healthcare Southeast Asia managing director Hoda Abou-Jamra said: “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.”   

The Fred Hollows Foundation CEO Ian Wishart added: “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.”  

Alina Vision, which was founded in 2018, currently has more than 80 employees and two eye hospitals in Vietnam.