The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of up to 100 per cent shareholding in Sahyadri Hospitals Private Limited by Manipal Hospitals Private Limited, marking a significant development in India’s healthcare sector, the official release confirmed.
According to the official statement, the transaction involves Manipal Hospitals Private Limited (the Acquirer), a wholly owned subsidiary of Manipal Health Enterprises Private Limited (MHEPL), acquiring full ownership of Sahyadri Hospitals in multiple tranches.
Manipal Hospitals, a well-established player in the Indian healthcare space, operates a network of multi-speciality hospitals across the country under the brand name ‘Manipal Hospitals’. MHEPL and its affiliates are engaged in providing tertiary and quaternary healthcare services across a wide range of specialties.
Sahyadri Hospitals Private Limited(Target) operates a multi-speciality hospital chain in Maharashtra, offering comprehensive tertiary and quaternary healthcare services. With multiple units across cities such as Pune, Nashik, Ahilya Nagar and Karad, it provides advanced medical care across specialties.
The CCI’s approval indicates that the proposed combination is not likely to have any appreciable adverse effect on competition in the Indian healthcare market. A detailed order from the Commission is expected to be issued in due course.
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