The Sheares Healthcare Group is wholly-owned by Temasek, which had a net portfolio value of around $284 billion at the end of the last financial year. It invests in, designs, builds and operates a network of healthcare facilities, including hospitals, clinics, specialist medical centres and senior living facilities
In December 2021, Temasek s healthcare platform Sheares had acquired a majority position in Medica Synergie by purchasing the stake held by private equity firm Quadria Capital
Earlier this year, Temasek sealed the biggest private equity deal in the Indian healthcare sector - the acquisition of a majority stake in Dr Ranjan Pai-led Manipal Hospitals for more than $2 billion.
Temasek, the state investment firm of Singapore, is planning to invest $9-10bn in India over the next three years. The company invested $1bn in India in FY23 and has already deployed almost $2bn so far this fiscal year, partly with an investment in Manipal Health.