Medanta's northern presence compliments Manipal's southern footprint

Together, Manipal and Medanta would have a bed count of around 7000-8000 beds once the ongoing expansion projects are completed

Bangalore-based Manipal Hospitals has not made any acquisitions since 2013, and recently lost the bid for Fortis Healthcare, despite making multiple bids, to Singapore's IHH Healthcare. An acquisition is critical for Manipal to expand its footprint and grow. 

It now operates 10 multispeciality hospitals across India and has bid for Delhi-based Medanta Hospitals. Backed by US-based private equity player TPG Capital, Manipal has reportedly made a binding offer of Rs 5800 crore for Medanta as its promoter (renowned cardiac surgeon Naresh Trehan) and investors are seeking exit. Trehan, his family members and co-founder Sunil Sachdevan own 55 per cent, while