Ontario Teachers' To Sell Sahyadri Hospitals to Manipal
Deal News | Jul 09, 2025 | Alvarez and Marsal
Ontario Teachers' Pension Plan Board announced it has agreed to sell its majority stake in Sahyadri Hospitals Group to Manipal Hospitals. Alvarez & Marsal along with Jefferies acted as financial advisors for the transaction. This deal marks a significant movement in the healthcare investment sector, particularly involving Indian hospitals. The acquisition fits well into Manipal Hospitals' strategy to further expand its reach and capabilities in the healthcare sector.
Sectors
- Healthcare
- Financial Services
Geography
- India – Sahyadri Hospitals and Manipal Hospitals operate in India, making it the primary geography of the transaction.
- Canada – Ontario Teachers’ Pension Plan Board is based in Canada, and it is the selling entity.
Industry
- Healthcare – The transaction involves Sahyadri Hospitals and Manipal Hospitals, both key players in the healthcare sector.
- Financial Services – Financial advisory firms Alvarez & Marsal and Jefferies were involved, indicating a strong financial services aspect.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ontario Teachers’ Pension Plan Board | Selling Company | Company | A Canadian pension fund selling its stake in Sahyadri Hospitals. |
| Sahyadri Hospitals Group | Target Company | Company | A healthcare provider in India being sold to Manipal Hospitals. |
| Manipal Hospitals | Bidding Company | Company | An Indian healthcare group acquiring a majority stake in Sahyadri Hospitals. |
| Alvarez & Marsal | Financial Advisor | Company | Provided financial advice on the transaction. |
| Jefferies | Financial Advisor | Company | Acted as financial advisor alongside Alvarez & Marsal. |