Temasek’s Landmark $2 Billion Acquisition Boosts Manipal Health Stake to 59%
In a major development, Temasek acquired a substantial 41% stake in Manipal Health for a significant US$2 billion, subsequently elevating its overall ownership to 59%. This landmark deal stands as the largest in the Indian healthcare sector. The strategic move underscores Temasek’s commitment to the burgeoning healthcare landscape in India.
Union Budget 2023-24 Allocates ₹88,956 Crore, Reflecting a 2.7% Increase
The Union Budget for the fiscal year 2023-24 has earmarked a total of ₹88,956 crore, indicating a notable 2.7% increase from the previous year. This financial commitment underscores the government’s continued focus on bolstering the healthcare sector, ensuring sustained growth and improvement in healthcare infrastructure and services.
Government Initiatives Propel Healthcare Accessibility Nationwide
The Government of India has launched impactful nationwide initiatives, including Ayushman Bharat and the Ayushman Bharat Digital Mission (ABDM). These programs are geared towards providing comprehensive healthcare access to all citizens. The concerted efforts aim to bridge healthcare gaps, enhance services, and foster a healthier and more resilient nation.
Dynamic Exits Shape Healthcare Investment Landscape
Apart from Temasek’s significant move, the healthcare investment landscape has witnessed noteworthy exits. Everstone concluded its exit from Sahyadri Hospitals, while TA Associates successfully exited from Indira IVF Hospital. Additionally, Carlyle and British International Investment executed IPO-led exits from Medanta (Global Health) and Rainbow Hospitals, respectively. These exits signify a dynamic and evolving investment landscape within the Indian healthcare sector.
As the healthcare sector in India undergoes transformative developments, strategic investments and government initiatives are poised to shape a more robust and accessible healthcare ecosystem.
