CCI Approves Manipal Hospitals' Acquisition of Sahyadri Hospitals

The plan by healthcare giant Manipal Hospitals to buy Pune-based Sahyadri Hospitals from international investor Ontario Teachers' Pension Plan Board in a deal valued at around Rs. 6,400 crore has been approved by the Competition Commission of India (CCI).

According to a news agency article, "deals that over a particular threshold require clearance from the regulator, which monitors unfair business practices and encourages fair competition in the marketplace."

“The proposed combination involves the acquisition of up to 100 per cent shareholding by the acquirer (Manipal Hospitals Pvt Ltd) in the target (Sahyadri Hospitals Pvt Ltd) in multiple tranches," the Competition Commission of India said in a release.

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While not details of the deal size were shared in a news agency report, industry sources suggest the deal size could be Rs. 6,200-6,400 crore.

"CCI approves the proposed combination involving acquisition of up to 100 per cent shareholding by Manipal Hospitals Pvt Ltd in Sahyadri Hospitals Pvt Ltd," as the post on X.

Manipal Hospitals declared in July that it has finalized acquisition  definitive agreements  with Ontario Teachers. With the purchase of Sahyadri Hospitals, the Bengaluru-based healthcare company says it will have over 12,000 beds overall, making it one of the biggest hospital networks in India.