Manipal Health, under ownersip of Temasek, surges ahead in competition for management of regional hospital chain
In a significant development for the Indian healthcare sector, Manipal Hospitals, a leading player controlled by Singapore state investment firm Temasek, is reportedly in talks to acquire a stake in a Maharashtra-based hospital chain. The discussions for the investment are being led by Ranjan Pai-led Manipal Hospitals, according to two sources familiar with the matter.
The identity of the Maharashtra-based hospital chain has not been specified in the reports. However, it is known that the hospital chain in question has more than 1,200 beds spread across Pune, Ahmednagar (now Ahilyanagar), and Nashik, with plans for further expansion in the state. The deal, if successful, is expected to significantly strengthen Manipal Hospitals' presence in western India, including Maharashtra.
This potential investment comes as Manipal Hospitals, operated by Manipal Health Enterprises Pvt Ltd, has already made a mark in the industry. The company has recently acquired Sahyadri Hospitals, although the sources of this information are not mentioned in the reports. The acquisition of Sahyadri Hospitals is not specified to involve a stake acquisition.
Meanwhile, other players in the healthcare sector are also making moves. Novo Holdings is reportedly considering a second India hospital deal, while TA Associates plans to exit its investment in OmniActive. Canada's OTPP has exited its investment in Sahyadri Hospitals.
In other news, Temasek, the Singaporean investment firm, has stated that US risks are likely to have peaked. This statement comes as global economies continue to grapple with the aftermath of the COVID-19 pandemic.
In the meantime, Blackstone, KKR, Z47, JSW Ventures, and Country Delight are also making headlines for various reasons. The details of their activities are not specified in the reports.
It is important to note that the financial details of both the potential investment in the Maharashtra-based hospital chain and the acquisition of Sahyadri Hospitals by Manipal Hospitals have not been disclosed. Additionally, the specific stake that Manipal Hospitals plans to acquire in the Maharashtra-based hospital chain is not specified in the reports. It is also unclear if there is any potential competition for the investment in the Maharashtra-based hospital chain.
As always, more information is expected to emerge as these developments unfold. Stay tuned for updates on this and other stories in the world of business and healthcare.
Manipal Hospitals, currently strengthening its presence in western India, is reportedly investing in a Maharashtra-based hospital chain, with plans for further expansion. Meanwhile, Novo Holdings is considering a second India hospital deal, highlighting the ongoing activity in the healthcare sector's business and investing landscape.
