Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday...
Manipal Hospitals to acquire Kolkata’s Medica Synergie
Manipal Hospitals, the second-largest hospital chain in India, has acquired 87% stake in Kolkata-based hospital chain Medica Synergie, stated a press release. This acquisition is in line with Manipal Hospitals’...
Apollo Hospitals share price falls 8% post stake sale and Keimed merger
Shares of Apollo Hospitals on Monday fell up to 8% to the day’s low at Rs 5,738 on BSE after the company’s subsidiary Apollo HealthCo (AHL) agreed to sell a 16.8% stake for Rs 2,475 core ($300mn) to Advent...
Medical Properties sells majority stake in five Utah hospitals
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...