India Digest: Manipal Health, Mahindra Holidays in M&A news

Photo: Reuters

Manipal Health Enterprises is in advanced discussions to acquire the Indian operations of Columbia Asia hospital chain. In another development, Mahindra Holidays & Resorts has acquired a minority stake in Great Rocksport.

Manipal Health eyes operations of Columbia Asia

Manipal Health Enterprises is in advanced discussions to acquire the Indian operations of the Columbia Asia hospital chain from its US-based owner Columbia Pacific Management for about Rs1,600 crore ($219 million), The Economic Times reported.

Columbia Pacific Management is looking to fully exit the hospital chain in India, the report said adding that an announcement on the same is expected soon.

If the talks fructify, Columbia Asia will be rebranded Manipal Hospitals. It is also then likely become the second-largest hospital chain in India with 26 hospitals and nearly 7,000 beds, behind Apollo Hospitals.

Mahindra Holidays buys Rocksport stake

Mahindra Holidays & Resorts India Limited (MHRIL), has acquired a 6.67% stake in adventure sports programmes provider Great Rocksport Pvt Ltd.

Financial deals of the deal were not disclosed.

“Our strategic investment in Rocksport will help enhance outdoor experience offerings at our resorts. Our members and their families will also have access to specially curated Rocksport programmes in the cities,” MHRIL MD & CEO Kavinder Singh said.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.