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India's Manipal Hospitals to buy majority stake in local peer Sahyadri
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India's Manipal Hospitals to buy majority stake in local peer Sahyadri
Jul 9, 2025 11:14 AM

July 9 (Reuters) - Ontario Teachers' Pension Plan (OTPP)

said on Wednesday that it has agreed to sell its majority stake

in India's Sahyadri Hospitals Group to Temasek-backed Manipal

Hospitals.

The pension fund, which acquired the stake in Sahyadri

Hospitals in 2022, did not disclose the value of the stake sale.

Manipal Hospitals said in a statement that the deal would

increase its total bed count to about 12,000, making it one of

India's largest hospital networks.

In June this year, KKR provided $600 million

financing to the Manipal Group to expand its corporate

development.

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