Manipal Hospitals to accumulate Pune-based Sahyadri Hospitals for round ₹6,000 crore

Manipal Hospitals on Wednesday (July 9, 2025) night stated it signed definitive agreements to accumulate Pune-based Sahyadri Hospitals from Ontario Lecturers’ Pension Plan (Ontario Lecturers’) for round ₹6,000 crore.

Ontario Lecturers’ 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 complete variety of hospitals to 49. Sahyadri Hospitals buyout would additionally carry Manipal’s complete mattress rely to about 12,000, making it one in every of India’s largest hospital networks, stated the corporate.

Dr. Ranjan Pai, Chairman, Manipal Schooling and Medical Group (MEMG) stated, “This acquisition will strengthen our presence in western India, enabling us to increase world-class healthcare to extra sufferers. It’s 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’re centered on sustaining a patient-centric ecosystem rooted in scientific excellence and transparency, serving a large number of sufferers from all around the nation, and past,’‘claimed Dilip Jose, MD & CEO, Manipal Well being Enterprises.

With the robust 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 group of advisors, together with Allegro Capital Advisors and Barclays (monetary), Cyril Amarchand Mangaldas (authorized), Alvarez & Marsal (accounting and industrial), and Deloitte (tax).