Justice H C Mishra granted Sahi bail on a bond of Rs 50,000.
Sahi had on August 6, 2011 surrendered before a special CBI court and was sent to judicial custody.
He was charged with purchasing medicine and medical apparatus at overrated prices and allegedly favoured a company when he was the health minister in the erstwhile Madhu Koda government.
Former health secretary Pradeep Kumar had surrendered on August 8 the same year in the same case and got provisional bail on November 5 last year.