While sources did not reveal the financial terms of the global investment firm’s proposal, a strong interest in the Pune-faculty Hospital range owned by Canada’s Pension Fund Ontario Teachers Pension Scheme (OTPP) is a symptom of high-intensity consolidation in India’s hospital space. IHHH Healthcare-supported Fortis healthcare And EQT Partners also presented dialects on 23 June, which was the last day to present binding financial dialects.
‘Ineffective’ offer
His proposals were called “ineffective” by People ET. Manipal, Blackstone, Fortis and OTPP refused to comment. EQT did not answer ET questions until the press time on Sunday.
The OTPP acquired Sahidari to Sahidari in August 2022, excluding the Max Healthcare on an evaluation of about Rs 2,500 crore. Ererstone bought a series of hospitals for about Rs 1,000 crore from its founder, neurosurgeon Charudt Apte in 2019 in 2019. ET first told on 6 December last year that OTPP was planning to keep Sahadehari hospitals on the block. In May, ET reported that Manipal Health, IHH Healthcare of Singapore, Hospital -owned hospital range of Blackstone, quality care India, KKR & CO and Equity Partners were among those who had presented early bids for it.
According to the information available on its website, Sahyadari hospitals operate 11 facilities in Pune, Nashik, Ahilya Nagar and Karad, including 1,300 beds, 2,500 doctors and 3,500 assistant employees. In one of the financial equity funds, a fund manager said that Sahidari Hospitals have earned Rs 210 crore before interest, tax, depreciation and refinement on revenue of Rs 1,200 crore in FY15.Fools in western India
For Manipal’s health, commonly known as Manipal Hospitals, the deal can set a very strategic leg in western India, where it currently has a significant appearance. In June 2025, KKR invested $ 600 million in the Manipal Group to support its quick expansion and corporate development plans.
The second largest hospital series in India IPO-Bound Manipal Hospital has been in an aggressive acquisition. In 2023, it acquired 84% stake in American hospitals in Kolkata, priced at Rs 2,400 crore. Two years ago, it bought Indian operations of Colombia Asia for Rs 2,100 crore.
