Manipal Hospitals acquires Sahyadri Hospitals, increases bed capacity to 12,000
Manipal Hospitals on Tuesday, July 9, announced the acquisition of Sahyadri Hospitals, a leading hospital chain in western India, from global investor Ontario Teachers’ Pension Plan, which manages net assets of US$194 billion as of December 31, 2024.The acquisition will bring Manipal Hospitals’ total bed count to approximately 12,000, consolidating its position as one of the largest hospital networks in the country. Sahyadri’s 11 hospitals, located across Pune, Nashik, Ahilya Nagar, and Karad, will increase Manipal’s footprint to 49 hospitals nationwide.“This is a strategic move to strengthen our presence in western India,” said Dilip Jose, MD & CEO of Manipal Health Enterprises. “With this acquisition, we aim to extend our patient-centric approach, rooted in clinical excellence and transparency, to a wider base. We are excited to welcome Sahyadri’s world-class facilities and doctors into the Manipal family.”Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group (MEMG), described the deal as a proud milestone in Manipal’s journey: “From a single hospital in Bengaluru in 1991, we have now grown into one of the largest hospital chains in India. This acquisition is a significant step forward in our vision to offer world-class healthcare to more people.”The deal was facilitated with the support of several advisors: Allegro Capital Advisors and Barclays (financial), Cyril Amarchand Mangaldas (legal). Alvarez & Marsal (accounting and commercial), and Deloitte (tax), the press release said. Manipal Hospitals serves over 7 million patients annually. Before the Sahyadri acquisition, it operated 38 hospitals across 19 cities, with over 10,500 beds, 7,200 doctors, and a workforce exceeding 20,500 employees.
MANIPAL Hospitals this week announced the acquisition of Sahyadri Hospitals, a leading hospital chain in western India, from global investor Ontario Teachers’ Pension Plan, which manages net assets of US$194 billion as of December 31, 2024.
The acquisition will bring Manipal Hospitals’ total bed count to approximately 12,000, consolidating its position as one of the largest hospital networks in the country. Sahyadri’s 11 hospitals, located across Pune, Nashik, Ahilya Nagar, and Karad, will increase Manipal’s footprint to 49 hospitals nationwide.
“This is a strategic move to strengthen our presence in western India,” said Dilip Jose, MD & CEO of Manipal Health Enterprises. “With this acquisition, we aim to extend our patient-centric approach, rooted in clinical excellence and transparency, to a wider base. We are excited to welcome Sahyadri’s world-class facilities and doctors into the Manipal family.”
Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group (MEMG), described the deal as a proud milestone in Manipal’s journey: “From a single hospital in Bengaluru in 1991, we have now grown into one of the largest hospital chains in India. This acquisition is a significant step forward in our vision to offer world-class healthcare to more people.”
The deal was facilitated with the support of several advisors: Allegro Capital Advisors and Barclays (financial), Cyril Amarchand Mangaldas (legal). Alvarez & Marsal (accounting and commercial), and Deloitte (tax), the press release said.
Manipal Hospitals serves over 7 million patients annually. Before the Sahyadri acquisition, it operated 38 hospitals across 19 cities, with over 10,500 beds, 7,200 doctors, and a workforce exceeding 20,500 employees.
