Manipal Health Enterprises, India’s second-largest hospital chain, has completed the acquisition of Sahyadri Hospitals for ₹6,400 crore. The deal was made with the Ontario Teachers’ Pension Plan, marking a major move in India’s healthcare sector. This acquisition strengthens Manipal’s reach in western India.
Sahyadri is Maharashtra’s biggest private hospital group, with 11 hospitals and over 1,300 beds across cities like Pune, Nashik, and Karad. It was earlier acquired by Ontario Teachers’ in 2022. The latest sale has given the investor a return of 2.6 times their original investment.
Manipal won the deal after a competitive bidding process, reportedly offering ₹6,838 crore. It outbid other major players such as Blackstone, EQT, and Fortis, which is backed by IHH Healthcare. To finance the acquisition, Manipal partnered with foreign lenders to raise up to ₹5,000 crore, and Fortis was also part of the funding talks.
With this acquisition, Manipal’s total bed capacity has increased to around 12,000 across India. The move supports the company’s aggressive growth plan and comes at a time when it is preparing for a potential initial public offering. It also helps Manipal fill a key regional gap by establishing a stronger presence in western India.
This deal is part of a broader trend of consolidation in India’s healthcare industry. Experts say growing interest from investors and private equity firms, along with increasing demand for quality healthcare in urban and semi-urban areas, is driving this trend.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.