East West Capital Partners advised an investment in listed Australian medtech company, ITL Health Group Limited
East West Capital Partners led an investment advising a strategic investor to acquire a meaningful stake in ITL Health Group Limited, a leading supplier of medical technology products. ITL, an Australian ASX-listed company, sells its products to over 35 countries globally (Stock ticker: ITD: AX).
Consistent with its philosophy, the Partners of EWCP have also invested in ITL. EWCP is working with management to realize ITL's full potential, while also examining options to expand the business into new areas.
Sanjay Sehgal served on the Board of ITL. Sanjay also chaired the Audit Committee of ITL. EWCP has since exited this investment.
ITL’s core business is in manufacturing products which assist in protecting the health and safety of healthcare workers. While specializing in blood-banking products, there are several other innovative products for general medical use. It holds several patents. ITL manufactures these products at its facility in Ipoh, Malaysia.