Manipal Hospitals

The IPO, India's second biggest this year after SBI Funds Management, received bids for 229 million shares, as of 1:54 p.m. IST, against 90.09 million shares on offer, according to exchange data

Manipal Health IPO GMP is ₹10, suggesting a listing gain of less than 2 per cent at current levels. That said, analysts find it a compelling long-term bet.

MD & CEO Dilip Jose says the hospital chain will use the ₹8,000-crore fresh issue largely to repay debt, while pursuing organic expansion and selective acquisitions in key markets

Manipal Health will start taking investor orders on July 29 and plans to close bidding on July 31

The Temasek-backed hospital chain is expected to launch its ₹11,000 crore share sale later this month amid cautious investor sentiment

Temasek-backed Manipal Health Enterprises has completed the acquisition of hospital property and development rights in Mumbai's Andheri ahead of its proposed IPO

Temasek-backed Manipal Hospitals has filed its DRHP for a $1 billion-plus IPO, which could become the largest public issue in India's healthcare sector

The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66 per cent stake, alongside a fresh issue of shares worth ₹8,000 crore

Valuation of India's largest hospital network is around $12-15 bn. The Issue will comprise fresh issue of shares and a small portion as OFS

Healthcare major Manipal Hospitals has sought approval from the fair trade regulator CCI to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers' Pension Plan Board in a deal pegged at around Rs 6,400 crore. The companies did not share the deal size, but industry sources estimate the transaction to be in the range of Rs 6,200-6,400 crore. "The proposed transaction envisages the acquisition of up to 100 per cent shareholding by the acquirer (Manipal Hospitals Pvt Ltd) in the target (Sahyadri Hospitals Pvt Ltd) in multiple tranches," according to a notice filed with the Competition Commission of India (CCI). Manipal Hospitals and Sahyadri Hospitals said the "proposed transaction does not have any impact on any relevant market in India, let alone any appreciable adverse effect on competition (AAEC), and therefore, the definition of the relevant product and geographic market may ultimately be left open. In any event, in order to aid and assist the CCI in its ...

Bengaluru-based Manipal Hospitals cements top spot with major expansion, aims IPO

The acquisition boosts Manipal's bed capacity to 12,000 and adds 11 Sahyadri hospitals across Maharashtra as Ontario Teachers' exits with 2.5x return on investment

The acquisition will bring Manipal's total bed count to about 12,000, making it one of India's largest hospital networks, the Bengaluru-based healthcare major said in a statement

India is among the top markets globally for IHH and contributes around 16-17 per cent to its global revenues

Manipal Hospitals, which acquired an 84 per cent stake in AMRI Hospitals in September 2023 for around Rs 2,300 crore, announced brand integration on Tuesday

Dilip Jose, MD & CEO of Manipal Hospitals tells Sanket Koul about the hospital chain's expansion plans and whether the company is looking to go for an initial public offering (IPO)

Manipal Hospitals, India's largest hospital chain with 10,500 beds, considers the figure to be "insignificant" in the context of the country and is actively scouting for acquisitions, a top official said on Tuesday. The Singapore sovereign fund Temasek-backed Manipal Hospitals on Monday signed a binding agreement to acquire an 87 per cent stake in Kolkata-based hospital chain Medica Synergie, a deal involving about Rs 1,400 crore helping it to become the largest hospital chain in India. The Bengaluru-based healthcare provider will make exit offers to remaining shareholders to sell their stake, but Manipal Haspitals does not see any hurdle in case existing minority shareholders continue to hold. "Though 10,500 beds and 37 hospitals is a large number, in the context of India, it is still insignificant," Manipal Hospitals Managing Director & CEO Dilip Jose told PTI in an interview after the announcement of the acquisition of Medica Hospitals. "We want to continue to expand further in

The acquisition comes as the hospital chain has been working towards expansion efforts. In September 2023, Manipal Hospitals had acquired an 84 per cent stake in Emami Group's AMRI Hospitals

Manipal Hospitals on Monday said it has acquired an 87 per cent stake in Kolkata-based hospital chain Medica Synergie for an undisclosed amount. The hospital chain has inked a binding agreement to acquire 87 per cent stake in Medica, a statement said. The acquisition is in line with Manipal Hospitals' strategy of expanding its footprint and presence in Eastern India, it said in a statement. "With this acquisition Manipal Hospitals builds on its strong presence in Eastern India, enabling us to expand our reach and meet the healthcare needs of this under-served region," Manipal Hospitals MD & CEO Dilip Jose said. He further said: "We will integrate Medica Synergie into our portfolio and rebrand it." The addition of Medica has taken the bed count of Manipal Hospitals from over 9,500 to over 10,500. In September 2023, Manipal Hospitals acquired an 84 per cent stake in Emami Group's AMRI Hospitals Ltd.

For Novo Holdings, which invests in life science companies and had assets of 108 billion euros ($115.86 billion) at end-2022, its recent investment in India was its largest in Asia to date