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Manipal Health, the second largest chain with 9,500 beds and 33 hospitals in 17 cities, plans to invest about ₹1,500 crore to add 1,400 beds in the next two quarters. Market leader Apollo, which currently operates 10,000 beds, has a target to add 2,400 beds during fiscal 2025-27.
Other than Manipal Hospitals, Sheares is also an investor in the Kolkata-based hospital chain Medica Synergie, while Temasek holds a 16% stake in Global Health, the operator of Medanta Hospitals.
Prior to the deal, Sheares Healthcare India, an existing shareholder in Manipal Health Enterprises, held around 18 percent stake. Sheares manages a portfolio of healthcare delivery assets for Singapore-headquartered investment major Temasek.
Singapore owned by the government fund Temasek Holdings has acquired India's allowing the hospital chain Manipal Health...
![[Funding Galore] Over $1.4 Bn Raised By Indian Startups This Week - Vimarsana News](https://inc42.com/wp-content/uploads/2021/10/Social_ImageOct25-Oct30.jpg)
The Indian startup ecosystem managed to raise around $1.4 Bn across 56 deals this week, which is 102% higher than the last week’s $724 Mn