Thursday, 16 February 2017

India's next healthcare giant? TPG plans Fortis, Manipal merger

If TPG Capital has its way then we might soon see India's biggest healthcare deal, the product of which is likely to stand toe-to-toe to current market leader Apollo Hospitals . The global investor is trying to effect a merger between Fortis Healthcare and Manipal Health Enterprises, which will create the country's biggest healthcare group. 

Private equity investor True North plans to offload its 18 percent stake in Manipal and has reached out to TPG and Singapore's Temasek Holding. TPG currently owns 22 percent in Manipal. We follow a strict disclosure policy and hence are unable to confirm or deny these suggestions.

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