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Manipal Hospitals to Acquire Sahyadri in ₹6,400 Crore Deal

Backed by Temasek along with Ontario Teachers’ Pension Plan Board, the transaction expands Manipal’s western India footprint to 49 hospitals with about 12,000 beds pending regulatory approval.

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Manipal Hospitals acquires Sahyadri Hospitals, increases bed capacity to 12,000
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Overview

  • The deal will add 11 hospitals across Pune, Nashik, Ahilyanagar and Karad, increasing Manipal’s network from 38 to 49 facilities.
  • Combined capacity will rise to around 12,000 beds, positioning Manipal among India’s largest private hospital chains.
  • Temasek alongside Ontario Teachers’ Pension Plan Board back the transaction, highlighting strong investor interest in private healthcare expansion.
  • Ontario Teachers’ Pension Plan Board is exiting its majority stake after investing over ₹900 crore in Sahyadri since acquiring it in 2022.
  • The ₹6,200–₹6,400 crore acquisition is subject to clearances from competition and health regulators before completion.