Local news website MoneyControl reported earlier this week that Manipal was in the final leg of discussions to acquire Kolkata-based Medica Synergie, which will bring in 1,200 beds.
Manipal Health Enterprises is looking to acquire a smaller India hospital chain — its fourth buyout since 2020 — that can propel the Temasek Holdings Pte-backed firm to being the country’s No. 1 health care provider, toppling Apollo Hospitals Enterprise.
The Bengaluru-based closely held firm, in which Temasek owns 51% equity, is in talks to buy a hospital firm in the eastern part of India, Dilip Jose, Manipal’s chief executive officer said in an interview, adding that there would be clarity on the deal in six weeks. He didn’t specify the target or the deal size.
