
Manipal Hospitals to acquire majority stake in Sahyadri
Sahyadri operates 11 hospitals across Maharashtra.
India’s Manipal Hospitals has reached an agreement to acquire a majority stake in Sahyadri Hospitals Group from Ontario Teachers’ Pension Plan Board.
Sahyadri operates 11 hospitals across Maharashtra, with more than 1,400 beds. Ontario Teachers’ acquired the group’s majority stake in 2022.
Meanwhile, Manipal is backed by Temasek, a Singapore-based investment company with a portfolio valued at $324b as of 31 March.
The transaction is subject to regulatory approvals.