Manipal Hospitals on Wednesday (July 9, 2025) night mentioned it signed definitive agreements to acquire Pune-based Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’) for around ₹6,000 crore.
Ontario Teachers’ is a Canadian international investor with internet property of $194 billion as of December 31, 2024.
The acquisition of Sahyadri Hospitals would add 11 extra hospitals to Manipal’s hospital community throughout Pune, Nashik, Ahilya Nagar and Karad, taking its whole variety of hospitals to 49. Sahyadri Hospitals buyout would additionally carry Manipal’s whole mattress rely to about 12,000, making it one among India’s largest hospital networks, mentioned the corporate.
Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG) mentioned, “This acquisition will strengthen our presence in western India, enabling us to prolong world-class healthcare to extra sufferers. It is a proud second for us to have grown over time from a single hospital in Bengaluru in 1991 into one of many largest hospital networks.’‘
“At Manipal Hospitals, we are focused on maintaining a patient-centric ecosystem rooted in clinical excellence and transparency, serving a multitude of patients from all over the country, and beyond,’‘claimed Dilip Jose, MD & CEO, Manipal Health Enterprises.
With the strong partnership of Manipal’s valued stakeholders like Temasek and different traders, the group was excited to develop its operations and convey Manipal’s trusted model of high quality healthcare to many extra sufferers, he added.
Manipal Hospitals was supported by a crew of advisors, together with Allegro Capital Advisors and Barclays (monetary), Cyril Amarchand Mangaldas (authorized), Alvarez & Marsal (accounting and business), and Deloitte (tax).
