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Entrepreneur
2 days ago
- Business
- Entrepreneur
Manipal Hospitals Signs Deal to Acquire Sahyadri from Ontario Teachers'
With this acquisition, Manipal Hospitals will operate a total of 49 hospitals and approximately 12,000 beds, positioning it among the largest hospital networks in India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Manipal Hospitals has signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers' Pension Plan, a global investment organisation. This strategic move significantly strengthens Manipal's presence in western India by adding 11 new hospitals located across Pune, Nashik, Ahilya Nagar, and Karad. With this acquisition, Manipal Hospitals will operate a total of 49 hospitals and approximately 12,000 beds, positioning it among the largest hospital networks in India. The financial terms of the transaction were not officially disclosed, though industry estimates suggest the deal is valued at around INR 6,000 crore. Ontario Teachers' had acquired a majority stake in Sahyadri Hospitals in 2022. Under its ownership, the hospital chain expanded through various mergers and acquisitions. As of December 31, 2024, Ontario Teachers' reported net assets of USD 194 billion. The acquisition aligns with Manipal's broader strategy to grow its pan-India footprint and enhance access to quality healthcare. The integration of Sahyadri Hospitals marks a key step in this ongoing expansion, especially in the western region of the country.
Indian Express
3 days ago
- Business
- Indian Express
Ontario Teachers' sells its stake in Sahyadri Hospitals Group to Manipal Hospitals
Ontario Teachers' Pension Plan Board (Ontario Teachers') on Wednesday announced that it has reached an agreement to sell its majority stake in Sahyadri Hospitals Group (Sahyadri) to Manipal Hospitals, which is one of the top healthcare providers in India serving over 7 million patients annually. Manipal Hospitals is backed by Temasek, a global investment company headquartered in Singapore with a net portfolio value of $324 billion as on March 31, 2025. Ontario Teachers' acquired a majority stake in Sahyadri in 2022 and, since then, has supported its growth into one of India's leading regional healthcare platforms. Sahyadri is one of Maharashtra's largest hospital chains, with 11 hospitals and over 1,400 beds. An official statement issued on Wednesday said the investment was made by Ontario Teachers' Private Capital team, in partnership with the management led by Managing Director and CEO of Sahyadri Hospitals Abrarali Dalal. Sahyadri has undergone a significant transformation over the past three years, growing both organically and through strategic mergers and acquisitions. Ontario Teachers' has supported the business in building clinical leadership and attracting medical talent in key specialties while making sustained capital investments into infrastructure, medical equipment, specialty programmes and institutional governance. The platform has also expanded its reach in smaller cities of Maharashtra, enabling the delivery of high-quality quaternary care across Maharashtra and neighbouring areas. Deepak Dara, senior managing director and head of India, Ontario Teachers', in a statement, said, 'Healthcare is a key investment theme for us globally and in India. Drawing on our global experience and playbook of investing in healthcare services, we saw the potential to build on Sahyadri's strong brand to create a regional healthcare leader. Our partnership with Sahyadri over the past three years underscores our belief in India's growing healthcare needs and our commitment to empowering local champions in delivering high-quality, accessible care. We wish the Sahyadri team continued success as they transition into their next phase.' 'When Ontario Teachers' invested, our intention was to create a formidable regional player with the infrastructure, medical equipment and clinical excellence to enable high-quality medical care in cities across the region. Backed by strong shareholder support, we have been able to invest over Rs 900 crores since 2022, leveraging our combined expertise to drive the transformation of Sahyadri. We have enjoyed a great partnership with the Ontario Teachers' team and are optimistic about the platform's continued positive impact on healthcare delivery,' said Dalal.
Time of India
3 days ago
- Business
- Time of India
Manipal Hospitals to buy Sahyadri in 6,000 crore deal
Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers' Pension Plan (Ontario Teachers'), a global investor. The acquisition will bring Ranjan-Pai backed Manipal's total bed count to about 12,000, making it one of India's largest hospital networks, says a company statement. Financial details of the deal were not disclosed, but the deal is believed to be around Rs 6,000 crore. The acquisition of Pune-based Sahyadri Hospitals will add 11 hospitals to Manipal's network across Pune, Nashik, Ahilya Nagar and Karad, increasing Manipal's total number of hospitals to 49. Through this acquisition, Manipal will expand its presence in western India, in line with its strategy to augment its pan-India footprint and offer more patients access to quality healthcare services. Ontario Teachers', with net assets of $194 billion as of Dec 31, 2024, acquired a majority stake in Sahyadri in 2022. Since then, the chain has grown through strategic mergers and acquisitions. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
