AURELIUS

Overview

Navis has partnered with an experienced healthcare veteran to build Aurelius Healthcare, a healthcare management platform in Southeast Asia. Dato Amir Firdaus has over 25 years of experience in Southeast Asia and the Middle East and has a stellar track record of delivering financial returns. He has assembled a proven and experienced senior leadership team.

Aurelius plans to build a portfolio of up to 6 tertiary hospitals in Southeast Asia, primarily through acquiring undermanaged assets and delivering superior returns through better management.

Since the investment, Aurelius has acquired its 1st hospital in Malaysia and tripled its profitability within 18 months by expanding its offerings, upgrading capacity, and better overall management. Aurelius has secured two other hospitals in Malaysia, bringing the portfolio to 500 beds once fully developed.

Investment Rationale

  • Highly experienced healthcare management team with a track record of building and running some of the best hospitals in Southeast Asia and the Middle East
  • Substantial value creation opportunity from brownfield growth in immature and underserved catchments and specialty areas, and by improving undermanaged assets
  • Substantial acquisition opportunities across Southeast Asia
  • Opportunity for multiple expansion by creating a consolidated hospital group

KEY FACTS

SECTOR
Healthcare

HEADQUARTERS
Malaysia

INVESTMENT DATE
May 2021

NAVIS OWNERSHIP
88%

Navis Value Impact

  • Developed a strategic investment framework for new hospitals by micro-region in Malaysia
  • Mapped acquisition opportunities across greater Southeast Asia
  • Executed on investments to date. Drove negotiations, due diligence, and bank financing
  • Implementation of an ESG framework, including standard operating procedures and KPIs
  • Knowledge sharing and synergies across Navis’s broader healthcare portfolio

Looking ahead

Aurelius plans to build a portfolio of up to 6 hospitals with 1,000 total beds during Navis’ investment period. This will be done by (a) expanding capacity through brownfield hospital projects; (b) building up a flagship greenfield international hospital in KL; and (c) further acquisitions in Southeast Asia.