Sahyadri acquisition lifts FY26 revenue 25%, but higher debt, depreciation and taxes pull PAT down 15%; ARPOB rises 9%
Revenue from operations rises 38.1 per cent to Rs 3,091 crore, while EBITDA grows 26.4 per cent to Rs 749 crore as inpatient and outpatient volumes increase
Stocks to watch today: Swiggy, Manipal Health, Biocon, L&T Finance, Crompton Greaves, RailTel Corporation, Sammaan Capital, EaseMyTrip, among others, will be in focus today.
Deal strengthens hospital chain's presence in Bengaluru's Whitefield; follows recent IPO and acquisition-led expansion
Integrated healthcare provider Manipal Health Enterprises on Tuesday said it will acquire Kinder Women's Hospital in Bengaluru for a cash consideration of Rs 130 crore. Manipal Health Enterprises has signed a Business Transfer Agreement (BTA) with Kindorama Healthcare Private Limited for acquiring the entire operations of Kinder Women's Hospital in Doddanekundi in Bengaluru, Karnataka, the company said in a statement. Manipal will acquire the entire business operations and assets of Kinder Hospital for a cash consideration of Rs 130 crore. The transaction does not entail acquisition of shares, it said The addition of Kinder Hospital will help consolidate Manipal Hospitals' position in one of Bengaluru's fast-growing healthcare markets, while further expanding access to its clinical expertise and capabilities. "The acquisition of Kinder Women's Hospital strengthens our presence in Bengaluru's fast-growing Whitefield micro-market and complements our existing healthcare ecosystem in t
Manipal Health shares debut with strong listing gains, while Ardee Industries' IPO attracts robust investor interest on the first day of bidding
Manipal Health Enterprises share price: On Dalal Street, Manipal Health Enterprises will directly compete with major listed hospital peers like Apollo Hospitals, Max Healthcare, and Fortis Healthcare.
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
July's IPO boom continues with Manipal Health, while investors track Nifty support levels, rising crude prices and Suzlon Energy's appeal against Sebi before SAT
₹9,275-crore issue opens on July 29 as the Temasek-backed hospital chain plans to add around 3,000 beds through greenfield and brownfield projects
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
Manipal Health Enterprises Limited has bought the remaining portion of the Khubchandani Hospital property in Andheri, Mumbai for ₹495 crore, according to property registration documents
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
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 Health Enterprises (Manipal Hospitals) currently operates 9,500 beds across 33 hospitals in India. Medica has a presence in eastern India with 1,200 beds
Local news website MoneyControl reported earlier this week that Manipal was in the final leg of discussions to acquire Kolkata-based Medica Synergie, which will bring in 1,200 beds.