Manipal Hospitals has acquired an 87% stake in Kolkata-based Medica Synergie, a subsidiary of Singapore s Temasek Holdings. The deal, valued at Rs1200 crore, is part of Manipal Hospitals strategy to expand its presence in Eastern India. The acquisition comes after Sheares Health, the healthcare platform owned by Singapore s Temasek Holdings, acquired an additional 41% stake from existing investors and the promoter family for Rs16,500 crore.
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India s Manipal Hospitals buys majority stake in Medica Synergie in deal valued at $168 million saltwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltwire.com Daily Mail and Mail on Sunday newspapers.
Manipal Hospitals announced on Monday that it has signed a binding agreement to acquire an 87 per cent stake in Kolkata-based hospital chain Medica Synergie.The acquisition is in line with Manipal Hospitals' strategy of expanding its footprint .