Temasek-backed Manipal Hospitals to acquire Sahyadri Hospitals Group from OTPP.

Temasek-backed Manipal Hospitals, a company specializing in multi-specialty healthcare services, agreed to acquire Sahyadri Hospitals Group, a company focused on hospital and medical services in India, from Ontario Teachers' Pension Plan, a capital market company. Financial terms were not disclosed. “When Ontario Teachers’ invested, our intention was to create a formidable regional player with the infrastructure, medical equipment and clinical excellence to enable high-quality medical care in cities across the region. Backed by strong shareholder support, we’ve been able to invest over INR 900 crores since 2022, leveraging our combined expertise to drive the transformation of Sahyadri. We’ve enjoyed a great partnership with the Ontario Teachers’ team and are optimistic about the platform’s continued positive impact on healthcare delivery,” Abrarali Dalal, Sahyadri Hospitals Managing Director and CEO.