As initial bids have already been submitted, the sale process is expected to get started in the coming months.

Sahyadri Hospitals is one of Maharashtra’s leading private hospital chains and is reportedly being sold. Major players, including Manipal Hospitals, Singapore-based IHH Healthcare, Blackstone-owned Quality Care India, Max Healthcare, KKR & Company, and EQT Partners are interested to buy it. These entities have already submitted preliminary bids for the acquisition.

According to reports published in The Economic Timesinitial bids for Sahyadri Hospitals range between Rs 4,500 and Rs 5,000 crore. The hospital chain is currently owned by the Ontario Teachers’ Pension Plan Board (OTPP), which had acquired it from the Everstone Group in 2022 for Rs 2,500 crore. Recently, OTPP appointed bankers to initiate the sale process.

Sahyadri hospitals

It was established in 1994 by Dr. Charudutt Apte, Sadanand Bapat, and Nitin Desai. It worked in neurology and neurosurgery. Over the years, it expanded and started operating in 11 hospitals across Pune, Ahmednagar (renamed Ahilyanagar), and Nashik with around 1,200 beds. The group also manages more than 50 lab collection centers with over 4,000 staff, and collaborates with 2,000 doctors.

Sahyadri also offers specialized services like maternal and child healthcare and oncology. Its infrastructure is one of the big reasons for buyers to file bids for it.

Among the contenders, Temasek-backed Manipal Hospitals is reportedly leading the race. Manipal Hospitals is known for acquiring and integrating healthcare facilities across India.