The Competition Commission of India has approved the proposed combination involving acquisition of up to 100% shareholding by Manipal Hospitals Private Limited in Sahyadri Hospitals Private Limited.

Manipal Hospitals Private Limited (Acquirer) is a wholly owned subsidiary of Manipal Health Enterprises Private Limited (MHEPL). MHEPL along with the Acquirer (including its affiliates) is present in the healthcare sector in India operating a network of hospitals providing multi-specialty care under the brand name ‘Manipal Hospitals’.

Sahyadri Hospitals Private Limited(Target) operates a multi-speciality hospital chain in Maharashtra, offering comprehensive tertiary and quaternary healthcare services. With multiple units across cities such as Pune, Nashik, Ahilya Nagar and Karad, it provides advanced medical care across specialties.

The Proposed Combination involves the acquisition of up to 100%shareholding by the Acquirer in the Target in multiple tranches.

Detailed order of the Commission will follow.

Merger clearance: acquisition approved enabling full shareholding transfer of a hospital chain, structured in multiple tranches. The Competition Commission approved a combination where Manipal Hospitals Private Limited, a wholly owned subsidiary of Manipal Health Enterprises Private Limited, will acquire up to complete shareholding in Sahyadri Hospitals Private Limited through multiple tranches. The acquirer and its affiliates operate a multi specialty hospital network, while the target runs a multi speciality hospital chain providing tertiary and quaternary care in Maharashtra; a detailed Commission order will follow.