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Temasek-controlled Manipal Health leads race for regional hospital chain
VCCircle
ยท
5m ago
Medial
Manipal Hospitals, controlled by Temasek, is leading the race to invest in a Maharashtra-based hospital chain. Manipal Hospitals, operated by Manipal Health Enterprises Pvt Ltd and led by Ranjan Pai, is in talks to acquire a significant stake in the regional chain. This move indicates Manipal Health's strategic expansion in the healthcare sector, leveraging Temasek's support to strengthen its presence and further enhance its market position in Indiaโs hospital industry.
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Temasek-controlled Manipal Hospitals appoints lead banker as IPO plans take shape
VCCircle
ยท
5m ago
Medial
Manipal Hospitals, primarily owned by Singapore's Temasek, has enlisted a lead merchant banker for its proposed initial public offering (IPO). The hospital chain, led by Ranjan Pai and operated by Manipal Health Enterprises Pvt. Ltd, is making strategic moves for its IPO, according to sources familiar with the development. This appointment marks a significant step in the hospital's financial strategy as it prepares for public market involvement.
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Temasek-controlled Manipal Hospitals adds more bankers for stock exchange debut
VCCircle
ยท
4m ago
Medial
Manipal Hospitals, majority-owned by Singapore's Temasek, is preparing for an initial public offering (IPO) by enlisting more bankers. The Indian hospital chain, led by Ranjan Pai and operated by Manipal Health Enterprises Pvt Ltd, has added Axis Capital among others to assist in its stock exchange debut. This strategic move indicates the hospital's efforts to strengthen its position and approach towards the upcoming IPO.
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Temasek-backed Manipal Hospitals now scouts for M&A targets in South India
VCCircle
ยท
1y ago
Medial
Manipal Hospitals, backed by Temasek, has announced its plans to acquire an 87% stake in Medica Synergie, a Kolkata-based hospital chain. Following this deal, Manipal Hospitals is now looking to expand its presence in South India where it has limited coverage. The company is seeking opportunities for brownfield expansions in various cities and states in the region.
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Temasek-backed Manipal Hospitals identifies M&A targets in growth push
VCCircle
ยท
9m ago
Medial
Manipal Hospitals, majority owned by Singapore's Temasek, is looking to expand its presence through mergers and acquisitions. The Indian hospital chain is currently evaluating around a dozen potential targets in southern states. Manipal Hospitals, led by Ranjan Pai, has already acquired majority stakes in AMRI in Kolkata and Fortis Healthcare in Malaysia as part of its growth strategy.
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Mubadala in talks with Temasek for stake buy in India's Manipal Hospitals
Reuters
ยท
1y ago
Medial
Abu Dhabi sovereign fund, Mubadala, is reportedly in talks to acquire a stake of less than 10% in India's Manipal Hospitals. This could mark Mubadala's first investment in India's healthcare sector. The fund is in discussions with Singapore's Temasek, who recently raised its stake in Manipal to 59%. The talks are at an early stage, and if successful, the deal could be valued up to $500 million. Manipal Hospitals is the second-largest hospital chain in India, focusing primarily on cardiology, neurosurgery, and cancer care.
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Manipal, Fortis in talks to raise Rs 5,000 cr for Sahyadri Hospitals bid
Economic Times
ยท
1m ago
Medial
Manipal Health Enterprises and Fortis Healthcare are in discussions with foreign lenders to raise up to Rs 5,000 crore for bidding on Sahyadri Hospitals, a multispecialty hospital chain. Ontario Teachers' Pension Plan (OTPP), owning a 98.9% stake in Sahyadri, is selling it less than three years after acquiring control from Everstone Capital. Sahyadri operates 11 hospitals across Maharashtra and is a prominent entity in the ongoing consolidation of India's hospital sector.
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Temasek sells 8% stake in Manipal Health to Mubadala, others
Livemint
ยท
1y ago
Medial
Singapore government's investment arm, Temasek Holdings, has reduced its stake in Manipal Health Enterprises (MHE) by selling up to 8% to investors including Mubadala Investment Company, Novo Holdings, and CalPERS. Despite the sale, Temasek will still hold a majority stake in MHE. The move comes after Temasek acquired a stake in Manipal last year, with the goal of de-risking its investment while maintaining a majority holding. Manipal is a leading healthcare network in India with over 30 hospitals and 9,500 beds.
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Grapevine: HUFT, Saarathi Finance in talks to raise funds; Manipal Health plans IPO
VCCircle
ยท
6m ago
Medial
Heads Up For Tails (HUFT) and Saarathi Finance are reportedly seeking funds, while Temasek-backed Manipal Health Enterprises is planning a $1 billion IPO within the next 12 months, according to media reports.
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Grapevine: Temasek eyes hospital chain; Thyrocare weighs radiology ops divestment
VCCircle
ยท
10m ago
Medial
Temasek Holdings is reportedly close to acquiring a stake in Cloudnine Hospitals for around $125 million. The deal would value the Bengaluru-based hospital chain at approximately $600 million. This transaction has been under negotiation for over 18 months.
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Singaporeโs Temasek eyes multiple targets for bolt-on acquisitions in healthcare
VCCircle
ยท
7m ago
Medial
Temasek, Singapore's state investment firm, is exploring multiple acquisition opportunities in the healthcare sector. This strategy is being executed through Manipal Hospitals, a healthcare chain where Temasek secured a majority stake nearly two years prior. This aligns with Temasek's broader investment focus, leveraging its presence in the healthcare service domain to enhance its portfolio through strategic acquisitions. Such moves reflect the firm's commitment to expanding its footprint and influence in the healthcare industry.
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