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Manipal Hospitals to Acquire Sahyadri Hospitals

Manipal Hospitals to Acquire Sahyadri Hospitals

Manipal Hospitals, backed by Singapore's Temasek and led by billionaire Dr. Ranjan Pai, is set to acquire Sahyadri Hospitals from the Ontario Teachers Pension Plan. With a bid of approximately Rs 6,150 crore, Manipal Hospitals has emerged as the top contender among several suitors, including Aster DM Quality Care and KKR. This acquisition will enhance Manipal's footprint in Maharashtra, where Sahyadri operates over 1,200 beds and aims to expand further. The deal signifies a reshuffling in India's hospital sector, positioning Manipal alongside prominent players like Apollo and Max Healthcare.

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