Private Equity

PE Fund Investments

Mubadala, others pick up 8% stake in Manipal Hospitals

Business Line   Economic Times  

New investors, Mubadala Investment Company, Novo Holdings, and California Public Employees’ Retirement System (CalPERS), have acquired a 8% stake in Bengaluru-headquartered Manipal Health Enterprises (MHE) from existing investor Temasek.In April 2023, Temasek had bought a 41% stake in MHE in a over USD 2 billion deal from the promoter group, Dr Ranjan Pai & family, and TPG Capital, boosting its stake to 59%. Temasek will retain a 51% stake, post the latest deal.MHE currently serves around 6 million patients a year through more than 30 hospitals across the country. Employing more than 5,000 doctors, the company is India’s second-largest hospital chain by number of beds.