Amidst a dynamic landscape in India’s healthcare sector, Sahyadri Hospitals is attracting attention from both prominent private equity firms and leading Indian healthcare companies as it extends its bidding timeline. Reports indicate that major players such as Max Healthcare, Manipal Hospitals, and renowned private equity firms like KKR, Blackstone, and EQT Partners are preparing to compete for this valuable asset.
A Lucrative Opportunity in Healthcare
Originally acquired by the Ontario Teachers’ Pension Plan Board for ₹2,500 crore in 2019, Sahyadri Hospitals is now poised to fetch bids ranging from ₹4,500 to ₹5,000 crore, according to insights from The Economic Times. This substantial increase highlights the growing interest in the healthcare market.
- Key Bidders:
- Max Healthcare
- Manipal Hospitals
- KKR
- Blackstone
- EQT Partners
- Torrent Group
- Warburg Pincus
Sahyadri Hospitals: Growth and Expansion
Founded in 1994 by Charudatt Apte, Nitin Desai, and Sadanand Bapat, Sahyadri Hospitals has evolved into one of Maharashtra’s leading hospital chains, operating 11 hospitals across four cities. After their initial sale to Everstone Capital for approximately ₹1,000 crore in 2019, the company has embarked on a significant expansion journey.
In 2023, Sahyadri Hospitals allocated around ₹750 crore to enhance its operations within Maharashtra. Financially, the organization reported an EBITDA of approximately ₹240 crore for the fiscal year 2025, as highlighted by Outlook Business.
The M&A Landscape in Indian Healthcare
The Indian healthcare industry has witnessed a surge in mergers and acquisitions recently. For instance, in 2023, Manipal Hospitals secured an 84% stake in AMRI Hospital through a deal valued at ₹2,400 crore. Additionally, private equity firms like KKR and EQT have made significant investments in other healthcare chains such as BMH and AIG Hospitals.
Sahyadri Hospitals boasts a capacity of 1,300 beds and employs approximately 2,500 clinicians alongside 3,500 support staff. Its established brand presence in Maharashtra, coupled with strong financial performance, positions it as an attractive opportunity for both private equity and healthcare firms looking to expand their footprints in India’s burgeoning healthcare market.
Conclusion
As the bidding process heats up, Sahyadri Hospitals stands at the forefront of a transformative period in Indian healthcare. With its robust operational model and strategic investments, the company is not just a healthcare provider but also a promising investment opportunity for those looking to make a mark in this vital sector.
