Manipal To Acquire Pune-Based Sahyadri Hospitals For ₹6,400 Crore: Know Everything About The Deal

Manipal Hospitals on Wednesday announced that it will acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers' Pension Plan Board in a deal pegged at around ₹6,400 crore.

The companies did not share the deal amount, but industry sources estimate that it would be in the range of ₹6,200–₹6,400 crore.

The Bengaluru-based healthcare major, Manipal Hospitals, said the acquisition of Sahyadri Hospitals will bring its total bed count to about 12,000, making it one of India's largest hospital networks.

This acquisition will add 11 hospitals to Manipal's network across Pune, Nashik, Ahilyanagar and Karad, increasing its total number of hospitals to 49, it added.

'Acquisition will strengthen Manipal's presence in western India'

Manipal Education and Medical Group (MEMG) Chairman Ranjan Pai said the acquisition of Sahyadri Hospitals will strengthen Manipal's presence in western India.

Manipal Hospitals is backed by Temasek, a global investment company headquartered in Singapore with a net portfolio value of around USD 324 billion as of March 31, 2025.

"With the strong partnership of our valued stakeholders like Temasek and our other investors, we are excited to grow our operations and bring Manipal's trusted brand of quality healthcare to many more patients," Manipal Health Enterprises MD & CEO Dilip Jose said.

'Healthcare is a key investment theme for us'

A global investor with net assets of USD 266.3 billion as of December 31, 2024, Ontario Teachers' Pension Plan Board acquired a majority stake in Sahyadri Hospitals in 2022.

Deepak Dara, Senior Managing Director and Head of India, Ontario Teachers', 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."

Rahul Mukim, Managing Director, Private Capital, Ontario Teachers’, added, “Our partnership with Sahyadri over the past three years has been focused on unlocking long-term value – investing behind key specialities and medical technology, expanding reach across the state, and building institutional processes to strengthen the platform.”

Sahyadri Hospitals MD and CEO Abrarali Dalal said, "Backed by strong shareholder support, we've been able to invest over ₹900 crore since 2022, leveraging our combined expertise to drive the transformation of Sahyadri."

Meanwhile, the transaction is subject to regulatory approvals.

(With PTI inputs)