Manipal Hospitals acquires Pune-based hospital chain Sahyadri
Bengaluru, 11th July 2025: Manipal Hospitals today announced that it has signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global investor with net assets of US$194 billion as at December 31, 2024. The acquisition will bring Manipal’s total bed count to about 12,000, making it one of India’s largest hospital networks.
The acquisition of Pune-based Sahyadri Hospitals will add 11 hospitals to Manipal’s network across Pune, Nashik, Ahilya Nagar and Karad, increasing Manipal’s total number of hospitals to 49. Through this acquisition, Manipal will expand its presence in western India, in line with its strategy to augment its pan-India footprint, and provide more patients with access to quality healthcare services.
Dilip Jose, MD & CEO, Manipal Health Enterprises said, “At Manipal Hospitals, we are focussed on maintaining a patient-centric ecosystem rooted in clinical excellence and transparency, serving a multitude of patients from all over the country, and beyond. We are delighted to welcome Sahyadri Hospitals into the Manipal family, with its top-rated multi-specialty facilities and world-class doctors. With the strong partnership of our valued stakeholders like Temasek and our other investors, we are excited to grow our operations and bring Manipal’s trusted brand of quality healthcare to many more patients.”
Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG) said, “This acquisition will strengthen our presence in western India, enabling us to extend world-class healthcare to more patients. With this expansion, Manipal Hospitals will have a network of approximately 12,000 beds nationwide, solidifying our position as one of the largest hospital chains in India. It is a proud moment for us to have grown over time from a single hospital in Bengaluru in 1991 into one of the largest hospital networks.”
Manipal Hospitals was supported by a team of advisors including Allegro Capital Advisors and Barclays (financial), Cyril Amarchand Mangaldas (legal), Alvarez & Marsal (accounting and commercial), and Deloitte (tax).
