Malaysia’s IHH Healthcare Bhd has submitted a bid to buy a controlling stake in Medanta-The Medicity super specialty hospital, two people aware of the development said. The bid values the premier hospital at Rs5,500-5,700 crore, the first of the two people said on condition of anonymity.
US-based private equity fund Carlyle Group owns 27% in Gurugram-based Medanta, while Singapore’s Temasek Holdings Pte holds 18%. Cardiac surgeon Naresh Trehan, his family and Medanta co-founder Sunil Sachdeva own the rest.
