Manipal Health, the second largest chain with 9,500 beds and 33 hospitals in 17 cities, plans to invest about ₹1,500 crore to add 1,400 beds in the next two quarters. Market leader Apollo, which currently operates 10,000 beds, has a target to add 2,400 beds during fiscal 2025-27.
Temasek owned Sheares Health, is in advanced negotiations to sell 8-9% of its 59% interest in Manipal Health Enterprises to Abu Dhabi fund Mubadala and the sovereign wealth fund of Brunei, Brunei Investment Authority (BIA), said people in the know.
TPG, which first invested in MHEPL through TPG Asia VI in 2015, will fully exit, but it will hold an interest of 11 per cent in the hospital chain through its new Asia fund, the TPG Asia VIII, MHEPL said.