Following the closing of the transaction, the Manipal Group will own about 30% of the shares in MHE. Sheares Healthcare Group, a wholly-owned subsidiary and independently-managed portfolio company of Temasek, will retain its existing 18% stake.
Temasek Holdings, on April 10, announced that it has signed definitive agreements with Manipal Health Enterprises (MHE) to acquire a 41% stake in the latter.
MHE runs Bengaluru-headquartered Manipal Hospitals, one of the top healthcare providers in India. Founded in 1991 by chairman emeritus Dr Ramdas Pai, Manipal Hospitals serves over five million patients annually.
