Manipal Hospitals, India’s second-largest hospital chain, has secured ₹5,300 crore from a consortium of global banks to finance its acquisition of Sahyadri Hospitals. This strategic funding move marks a significant step in Manipal’s aggressive expansion strategy across western India. The loan syndicate includes prominent international banks such as Deutsche Bank, Barclays, MUFG, SMBC, and DBS, who have collectively extended this debt facility under a bond structure routed through Foreign Portfolio Investment (FPI) channels, complying with Reserve Bank of India (RBI) regulations..

印度第二大医院连锁机构马尼帕尔医院已从一家全球银行财团获得53亿卢比，用于为其收购萨哈德里医院提供资金。这一战略性融资举措标志着马尼帕尔在印度西部积极扩张战略中的重要一步。贷款银团包括德意志银行、巴克莱银行、三菱日联金融集团、三井住友银行和星展银行等知名国际银行，它们通过外国投资组合（FPI）渠道以债券结构集体提供了此项债务安排，并符合印度储备银行（RBI）的规定。

The ₹5,300 crore will primarily be used to fund the recently announced ₹6,400 crore acquisition of Sahyadri Hospitals from the Ontario Teachers’ Pension Plan (OTPP). The transaction includes the acquisition of 11 hospitals across key Maharashtra cities including Pune, Nashik, Karad, and Ahilyanagar.

这笔53亿卢比的资金将主要用于资助最近宣布的以64亿卢比从安大略教师养老金计划（OTPP）收购Sahyadri医院的交易。该交易包括收购位于马哈拉施特拉邦主要城市如浦那、纳西克、卡拉德和阿希兰加尔的11家医院。

With this acquisition, Manipal Hospitals will significantly expand its network to 49 hospitals with over 12,000 beds nationwide—cementing its position as a leading private healthcare provider in India..

通过此次收购，Manipal Hospitals 将大幅扩张其网络，覆盖全国 49 家医院，拥有超过 12,000 张床位，进一步巩固其作为印度领先的私人医疗保健服务提供商的地位。

The bond issuance has a two-year maturity and carries a yield of approximately 9.5%. Manipal Hospitals plans to redeem the bonds using proceeds from its proposed initial public offering (IPO) expected in 2026. This structured approach ensures financial sustainability while maintaining operational agility.

该债券发行期限为两年，收益率约为9.5%。曼尼帕尔医院计划使用其预计在2026年进行的首次公开募股（IPO）所得收益赎回这些债券。这种结构化方式既确保了财务可持续性，又保持了运营灵活性。

This transaction follows the recent growth trajectory of Sahyadri Hospitals under OTPP’s ownership, which added multiple facilities and increased its bed capacity by over 1,400 in less than three years..

这项交易是在Sahyadri医院近期增长轨迹之后进行的，该医院在OTPP的所有权下，在不到三年的时间里增加了多家设施，并将其床位容量增加了1400多张。

Industry observers have noted that this strategic move reflects the growing investor confidence in India’s private healthcare sector and Manipal’s strong operational credibility. The acquisition is also supported by advisory services from global firms including Jefferies, Alvarez & Marsal, EY, Trilegal, and Latham & Watkins.

业内观察人士指出，这一战略举措反映了投资者对印度私营医疗保健领域的信心日益增强，以及对曼尼帕尔强大运营能力的信任。此次收购还得到了包括杰富瑞、阿尔瓦雷斯和马萨尔、安永、特里莱加尔和瑞生国际律师事务所在内的全球公司的咨询服务支持。

With Temasek Holdings holding a 59% stake, the Manipal family at 30%, and TPG at 11%, the hospital chain’s leadership remains solid and focused on sustainable growth..

淡马锡控股持有59%的股份，曼尼帕尔家族持有30%，TPG持有11%，这家医院连锁机构的领导层依然稳固，并专注于可持续增长。

As Manipal Hospitals gears up for its IPO, the Sahyadri acquisition positions it to further its mission of delivering accessible, high-quality healthcare services across the country. The move also signals the growing trend of consolidation in the Indian healthcare space, with leading players expanding aggressively through strategic partnerships and global capital..

随着曼尼帕尔医院准备进行首次公开募股（IPO），收购萨哈德里医院使其进一步实现了在全国范围内提供可及、高质量医疗服务的使命。此举也表明了印度医疗领域整合趋势的增强，领先企业正通过战略合作伙伴关系和全球资本积极扩张。