M&A
Manipal Group acquires Vikram Hospital from Multiples PE for Rs.350-Cr
Manipal Hospitals, the second largest hospital chain in India, is to acquire a 100% acquisition of fellow Bengaluru-based Vikram Hospital for INR 350 crore. Allegro Capital acted as financial advisors while PwC served as financial and tax diligence advisors and Trilegal as legal advisors for Manipal Hospitals on this deal. Vikram Hospital - majority owned by private equity firm Multiples - is a 200-bed high-end tertiary care facility known for its clinical expertise in the fields of cardiac and neuro sciences. With the completion of acquisition of 100% stake in Columbia Asia Hospitals in India and the latest addition of Vikram Hospital, the Manipal Hospital group has 27 hospitals across 14 cities in India with over 7,300 beds, with 4,000 doctors and an employee strength of over 11,000.
From the Venture Intelligence PE-VC Deal Database: In June-13, Multiples PE had invested more than INR 180 crore in Vikram Hospital & Heart Care. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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