07 Nov 2025

JSA and Lex Consult advise on TPG NewQuest sale of Forus Health stake to Inviga Healthcare

"JSA Advocates & Solicitors advised Forus Health and its Co-founder & CEO, and Lex Consult represented TPG NewQuest, in a secondary sale in which Inviga Healthcare Fund acquired a 21% stake in Forus Health from TPG NewQuest, enabling TPG’s exit. Forus is an ophthalmic technology company known for its 3nethra screening devices and AI-driven diagnostics."

JSA Advocates & Solicitors advised Forus Health and its Co-founder & CEO, while Lex Consult represented TPG NewQuest in the transaction. Inviga Healthcare Fund acquired a 21% stake in Forus Health Private Limited from TPG NewQuest by way of a secondary sale, enabling TPG NewQuest to exit its investment in Forus. Forus Health is a leading ophthalmic technology company known for its 3nethra series of eye screening devices, which have screened over 22 million patients across 75 countries. The company’s AI-driven diagnostics platform has served over 5 million patients worldwide, and its latest product, the 3nethra specto—a smartphone-controlled wearable digital refractor—is aimed at expanding tele-optometry and remote vision screening. JSA Advocates & Solicitors represented Forus Health and its Co-founder & CEO with a team composed by: Manuel Jose (Partner, transaction team) and Harshita Agarwal (Senior Associate, transaction team). Lex Consult represented TPG NewQuest with a team composed by: Nidhi Khadria (Partner, transaction team), Garima Agrawal (Senior Associate, transaction team) and Tejas Kandalgaonkar (Associate, transaction team).
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