A clinician reviewing brain MRI scans on a large diagnostic display.

Investment area — Healthcare

Capital for care that is built to last.

Ageing populations and medical innovation are reshaping how care is delivered. Hospitals, diagnostic networks and precision equipment need long-term, carefully structured financing.

01Sector thesis

Demand for healthcare is resilient, but the businesses that deliver it face long investment cycles, regulatory scrutiny and reimbursement risk.

We look for operators and technology providers with sound clinical governance and a clear path from investment to sustainable cash flow.

02Financing challenges

  1. 01

    Significant capital needs for facilities and high-precision equipment.

  2. 02

    Revenue dependent on public or private reimbursement frameworks.

  3. 03

    Long licensing and accreditation timelines.

03Relevant sub-segments

  • Hospitals and specialist care facilities
  • Diagnostic imaging and laboratory networks
  • Medical devices and precision equipment
  • Clinical research infrastructure
Rows of laboratory sample tubes in a diagnostic rack.
A scientist pipetting samples in a research laboratory.

Photography is illustrative and does not depict assets financed by Aquila.

04General evaluation criteria

  1. 01

    Strong clinical governance and regulatory standing.

  2. 02

    Diversified and well-documented revenue sources.

  3. 03

    Management with healthcare operating experience.

  4. 04

    Investment plans supported by demonstrated demand.

05Risks and due diligence

Due diligence covers licensing and accreditation, reimbursement exposure, clinical and liability risk, data protection for patient information, and the condition and lifecycle of medical equipment.

Contact

Discuss an opportunity in Healthcare.

We welcome an initial, confidential conversation with companies and advisers active in this sector.