Overview

• Manipal Hospitals agreed to buy Ontario Teachers’ majority stake in Sahyadri Hospitals for about ₹6,400 crore, with the transaction still awaiting regulatory clearances.
• PMC’s land estate management department served the Konkan Mitra Mandal Medical Trust a seven-day notice to provide all agreements related to the Sahyadri-Manipal deal and any mortgage documents on the leased land.
• The PMC health department issued a show cause notice under the Maharashtra Public Trusts Act and Municipal Corporations Act seeking explanations over potential breaches of lease conditions and reserved-bed obligations.
• Konkan Mitra Mandal Medical Trust has pledged to submit the requested documents within the deadline to demonstrate adherence to the 1998 lease agreement.
• Sahyadri Hospitals has confirmed that the equity transfer will not affect hospital functioning or its charitable commitments, including free treatment for PMC-referred patients.