Mergers, Money & Medicine—Manipal & Fortis Eye Sahyadri’s Mega Deal

Image Source: Medial

Manipal Health Enterprises and Fortis Healthcare are in talks for a Rs 5,000 crore increase as they prepare to bid for Sahyadri Hospitals, Maharashtra's largest hospital chain. The move is a large-scale consolidation in India's healthcare sector, with foreign investors eagerly waiting for the outcome.

Strategic Financing and Competitive Bidding

Both hospital chains are in talks with international banks to secure finance.

The bidding process will conclude shortly, with blue-chip firms fighting to acquire Sahyadri Hospitals.

Aster DM Healthcare, Max Healthcare, and private equity firms are among other contenders.

Sahyadri Hospitals: Highly Sought-After Healthcare Asset

With its presence in Maharashtra, Sahyadri boasts 11 hospitals, 1,300 beds, and over 2,500 medical doctors employed on its payroll.

The network is of great value to government-supported healthcare programs.

Ontario Teachers' Pension Plan, the current owner, is seeking a valuation of Rs 4,500-5,000 crore from its sale.

Healthcare Sector Trends and Market Influence

Hospital sector in India is experiencing increased private equity attention, driving development and upgradation.

Current deal history in the sector indicates a trend towards more healthcare infrastructure.

The outcome of this bid could decide the growth and availability of hospitals in Maharashtra.

The Sahyadri Hospitals race reflects accelerating pace in India's health industry, as major players position themselves to gain long-term market dominance.

Sources: Economic Times, Digital Health News, Financial Express.