Manipal, IHH in race to acquire Pune's Sahyadri Hospitals for Rs 6,000 cr

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

In what can be another private equity hospital deal, Temasek backed Manipal Hospitals and Malaysian healthcare giant IHH are in race to acquire Pune based 1200 bed Sahyadri Hospitals from Canadian pension fund Ontario Teachers Pension Plan Board (OTPP). The deal size could be around ₹4000-6000 crore, according to people close to the transaction. 

 

OTPP engaged bankers to start the proposed sale process some time ago. While no official offers have been floated yet, sources close to the development said that the bidding process is likely to start soon.

 

“The process will start soon for formal bid submission, which may take