In one of the largest private equity deals in the Asian healthcare space, Temasek Holdings of Singapore has acquired a 59 per cent stake in Manipal Health Enterprises of India, which runs the Manipal Hospitals chain.
Prior to the deal, Sheares Healthcare India, an existing shareholder in Manipal Health Enterprises, held around 18 percent stake. Sheares manages a portfolio of healthcare delivery assets for Singapore-headquartered investment major Temasek.