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Ranjan Pai, Chairman of MEMG
Manipal Hospitals has acquired Ontario Teachers Pension Plan (OTPP)-owned Sahyadri Hospitals. The acquisition will bring Manipal’s total bed count to about 12,000, making it one of India’s largest hospital networks.
With this acquisition, Manipal has added 11 hospitals across Pune, Nashik, Ahilya Nagar and Karad, increasing its footprint to 49.
Dilip Jose, MD & CEO, Manipal Health Enterprise said, “We are delighted to welcome Sahyadri Hospitals into the Manipal family, with its top-rated multi-specialty facilities, and 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.”
Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG) said, With this expansion, Manipal Hospitals will have a network of approximately 12,000 beds nationwide, solidifying our position as one of the largest hospital chains.”
Manipal Hospitals was supported by a team of advisors, including Allegro Capital Advisors and Barclays (financial), Cyril Amarchand Mangaldas (legal), Alvarez & Marsal (accounting and commercial), and Deloitte (tax).
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Published on July 9, 2025 17:10