Manipal Hospitals to acquire Kolkata's Medica Synergie

Manipal Hospitals has acquired an 87% stake in Kolkata-based Medica Synergie, a subsidiary of Singapore's Temasek Holdings. The deal, valued at Rs1200 crore, is part of Manipal Hospitals' strategy to expand its presence in Eastern India. The acquisition comes after Sheares Health, the healthcare platform owned by Singapore's Temasek Holdings, acquired an additional 41% stake from existing investors and the promoter family for Rs16,500 crore.