Manipal Hospitals

Manipal Hospitals makes revised offer for Fortis Healthcare, proposes Rs 4,000 cr right issue

If successful, the acquisition would create one of India’s biggest healthcare providers and help resolve an uncertain outlook for Fortis, which has been under a cloud as authorities investigate whether its founders siphoned funds out of the company.

Fortis Healthcare demerger: Rakesh Jhunjhunwala questions deal with Manipal; will the sale process flounder?

Market investor Rakesh Jhunjhunwala has reportedly questioned the recent deal between Fortis Healthcare Ltd. (FHL) and TPG Capital-backed Manipal Hospitals

Fortis Healthcare demerger: Manipal Hospitals to raise funds via internal accruals; parent firm sees 'value in scale'

Manipal Hospitals, which will be acquiring hospitals business of Fortis, will raise funds through internal accruals and debt to fund its share of the deal

Fortis Healthcare shares dive 11% on hospital business demerger, 20% stake sale in SRL

Fortis Healthcare Ltd. (FHL) said its board had approved demerger of its hospitals business, which will be acquired by Manipal Hospitals and TPG Capital, along with the sale of 20 percent stake in diagnostics chain SRL Ltd, in a Rs 3,900-crore deal

Fortis Healthcare board approves demerger, to sell hospital business to Manipal, TPG Capital

Manipal Hospitals, part of Manipal Education and Medical Group (MEMG), is owned by Dr Ranjan Pai and has been backed by TPG, a leading global alternative asset firm and experienced healthcare investor since 2015.

Manipal Hospitals Revamps Network Security Infra, Enables BYOD With Fortinet

Deployment strengthens security at lower cost and gives doctors and support staff secured remote access to critical applications.

Healthcare groups seek to outsmart red-tapism, real estate woes through acquisitions

Acquisitions in India also remain cheaper than in many other countries: in Singapore, it costs $1.5 million to buy a hospital bed, and in South Africa, the cost is $100,000, the data shows.