From Yahoo Finance: 2025-06-17 10:35:00

Indian companies Manipal Health Enterprises and Fortis Healthcare are seeking financing from international financial institutions to support their bids for Sahyadri Hospitals, with a bidding deadline of 22 June. Lenders include DBS, Mizuho Bank, Deutsche Bank, HSBC, and Barclays, offering Rs30bn to Rs50bn ($347.61m to $579.35m) in financing. Aster DM Healthcare is also in the running but has not finalized financing plans. Ontario Teachers’ Pension Plan is overseeing the sale, having acquired Sahyadri Hospitals for Rs25bn from Everstone Capital. The hospital chain, founded by Dr. Charudutt Apte in 1996, operates 11 hospitals with 1,300 beds in Maharashtra, participating in government health schemes like Ayushman Bharat and CGHS. This acquisition reflects a trend of consolidation in India’s hospital sector, with Fortis Healthcare recently signing agreements to acquire Shrimann Superspecialty Hospital in Jalandhar as part of its regional expansion strategy.

Read more: Manipal and Fortis to raise funds to bid for Sahyadri Hospitals