Malaysia’s IHH Healthcare Berhad and Singapore government-owned holding firm Temasek Holding are having separate discussions to buy a majority stake in Global Health, the parent firm of Gurugram-based multi-super speciality hospital Medanta, according to a report published in The Times of India.
The report quoting unnamed sources said the deal would be valued around Rs 5,800 crore (USD 900 million).
Medanta Hospital was founded by renowned cardiovascular surgeon Naresh Trehan and Sunil Sachdeva in 2009. Global Health’s operates clinics and hospitals at Gurugram, Lucknow, Indore, Ranchi and Delhi.
IHH Healthcare, one of the largest healthcare group in Asia which operates Parkway Pantai Hospitals is keen to partner with Trehan after its attempt to acquire Fortis Healthcare suffered a setback. It is trying to acquire stake owned by private equity investor Carlyle, Temasek and founding partner to gain control.