M&A Deal Summary

Manipal Hospitals Acquires Vikram Hospital

On June 3, 2021, Manipal Hospitals acquired healthcare services company Vikram Hospital from Multiples Alternate Asset Management for 3.6B INR

Acquisition Highlights
  • This is Manipal Hospitals’ 2nd transaction in the Healthcare Services sector.
  • This is Manipal Hospitals’ largest (disclosed) transaction.
  • This is Manipal Hospitals’ 2nd transaction in India.

M&A Deal Summary
Date 2021-06-03
Target Vikram Hospital
Sector Healthcare Services
Buyer(s) Manipal Hospitals
Sellers(s) Multiples Alternate Asset Management
Deal Type Add-on Acquisition
Deal Value 3.6B INR

Target

Vikram Hospital

Bengaluru, India
Vikram hospital provides patients a state of art infrastructure experience and has doctor teams in Cardiology, Neuro Sciences and Minimal Invasive Gastro & Bariatrics. The hospital has been providing surgical care for epilepsy, obesity, diabetes, amongst other lifestyle ailments. Vikram Hospital was founded in 2000 and is based in Bengaluru, India.

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Buyer(S) 1

Buyer

Manipal Hospitals

Bengaluru, India
Category Company
Founded 1942
Sector Healthcare Services
Revenue 480M USD (2011)
DESCRIPTION

Manipal Hospital is a provider of healthcare services in India with a strong presence across South India. Manipal is among India’s largest chains of hospitals with over 1,800 beds. Manipal Hospital was founded in 1942 and is based in Bengaluru, India.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (India) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Columbia Asia Hospitals Pvt.

Bangalore, India

Columbia Asia Hospitals Pvt. Ltd. is a healthcare company that entered India through a 100% foreign direct investment (FDI) route. Columbia Asia hospitals are clean, efficient, affordable, and accessible. The innovative design of the hospitals, from their manageable size to their advanced technology, is focused on creating a positive experience for patients. Columbia Asia Hospitals Pvt. Ltd. was formed in 2005 and is based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

Multiples Alternate Asset Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Multiples Alternate Asset Management is a private equity firm focused on opportunities throughout India. The Firm does not have any sector preferences and will consider a range of opportunities, from minority stakes to buyouts. Multiples was formed in 2009 and is headquartered in Mumbai.

DEAL STATS #
Overall 6 of 7
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (India) 6 of 7
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-01 Zenex AH

Ahmedabad, India

Zenex AH has been a pioneer in product development with an objective to serve veterinary and farming fraternities with better solutions. Zenex AH holds infleunsive footings in antimicrobials, vitamin injections, anti-mastitis, corticosteroids, hormones and intra-mammary segments whilst having a noteable standing in nutritional feed supplements, poultry vaccines, growth promoters, anti-coccidials, and others. Zenex AH was founded in 2021 and is based in Ahmedabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 Licious

Bangalore, India

Licious is a Direct to Consumer fresh meat brand delighting customers with their promise of quality, freshness and timely delivery. Licious was founded in 2015 and is based in Bangalore, India.

Buy -
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