The board of Fortis Healthcare has announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital..The board has also approved the sale of its 20% stake in SRL Diagnostics to Manipal Hospitals..As part of the proposed transaction, Manipal promoter Dr Ranjan Pai and TPG Capital will invest Rs. 3,900 crore into Manipal Hospitals..Cyril Amarchand Mangaldas is advising Fortis Healthcare and the team was lead by Managing Partner Cyril Shroff along with Partners Ruetveij Pandya and Nivedita Rao..AZB & Partners acted for Manipal Hospitals and TPG Capital and the team was led by Partners Ashwin Ramanathan and Harsh Maggon..Read the Press Release.Image taken from here.
The board of Fortis Healthcare has announced the sale of its hospital assets to Manipal Health Enterprises and buyout firm TPG Capital..The board has also approved the sale of its 20% stake in SRL Diagnostics to Manipal Hospitals..As part of the proposed transaction, Manipal promoter Dr Ranjan Pai and TPG Capital will invest Rs. 3,900 crore into Manipal Hospitals..Cyril Amarchand Mangaldas is advising Fortis Healthcare and the team was lead by Managing Partner Cyril Shroff along with Partners Ruetveij Pandya and Nivedita Rao..AZB & Partners acted for Manipal Hospitals and TPG Capital and the team was led by Partners Ashwin Ramanathan and Harsh Maggon..Read the Press Release.Image taken from here.
