Medical Properties Trust said on Friday it would sell majority of its stake in five Utah hospitals for $886 million, sending its shares up more than 10% in extended trading. The real estate investment trust (REIT) said...
Temasek sells minority stake in Manipal Hospitals
Singapore based sovereign wealth fund Temasek said it has reduced its stake by 8% in Manipal Health Enterprises, after a year it took control of India’s second largest hospital chain, sources told ET. Temasek will...
Tenet Healthcare to sell 3 South Carolina hospitals for about $2.4 bln
Tenet Healthcare said it would sell three of its hospitals and related operations in South Carolina for about $2.4 billion in cash, in a move aimed at reducing its debt. Shares of the Texas-based company rose 4.9% to...
Blackstone to buy controlling stakes in CARE Hospitals, KIMS health for $1 bn
Global private equity major Blackstone will invest about $1 billion (₹8,300 crore) to acquire controlling stakes in two leading South Indian hospital chains – Hyderabad-based CARE Hospitals and Kerala’s KIMS...
Manipal completes Kolkata’s AMRI Hospitals acquisition
Manipal Hospitals, the second-largest hospital chain in India, has completed its acquisition of 84% stake in AMRI Hospitals Ltd. The acquisition fits into the growth strategy of Manipal Hospitals to have a larger...
Apollo Hospitals plans digital arm stake sale
Apollo Hospitals is planning to raise around $200 million in equity this fiscal year by selling stake in Apollo HealthCo, its omnichannel healthcare platform. The Chennai-based healthcare group is planning to sell...
Care Hospitals buyout lands up in Bombay High Court; Max Healthcare sues TPG: Report
Max Healthcare Institute is reported to have filed a suit in the Bombay High Court against private equity firm TPG after the owners of Care Hospitals neglected Max’s bid to favour an offer by the world’s...
Manipal Hospitals closes in on KIMS Health
Manipal Hospitals, backed by Singapore state investor Temasek, is close to acquiring Kerala-based hospital chain KIMS Health for ₹3,500-4,000 crore, two people familiar with the development said. Manipal intends to buy...
Singapore’s Temasek buys majority stake in Manipal Hospitals for $2 billion
Singapore government-owned fund Temasek Holdings has acquired India’s leading hospital chain Manipal Health Enterprises by owning about 59% stake. Temasek-owned Sheares Health, which held 18% stake in Manipal, has...
Australia’s HMC Capital to buy hospitals from U.S. firm for $802 mln
Australian asset manager HMC Capital Ltd said on Thursday it will buy 11 private hospitals from U.S.-based Medical Properties Trust for A$1.20 billion ($802.08 million). The hospitals are currently managed by Brookfield...
Manipal to buy AMRI Hospitals for Rs 2,400 crore
After prolonged negotiations and court battles, Manipal Health Enterprises has acquired Kolkata-based AMRI (Advanced Medical Research Institute) Hospitals in a deal worth ₹2,400 crore, said two people aware of the...
Max, KKR in talks with TPG to buy Care Hospitals
Max Healthcare Institute and KKR & Co have initiated separate discussions with TPG to buy Care Hospitals after earlier frontrunner Blackstone pulled out due to a valuation mismatch, said people with knowledge of the...