CCI APPROVES THE PROPOSED COMBINATION INVOLVING ACQUISITION OF UP TO 100% SHAREHOLDING BY MANIPAL HOSPITALS PRIVATE LIMITED IN SAHYADRI HOSPITALS PRIVATE LIMITED.

India, Sept. 2 -- The Government of India issued the following news release:

The Competition Commission of India has approved the proposed combination involving acquisition of up to 100% shareholding by Manipal Hospitals Private Limited in Sahyadri Hospitals Private Limited.

Manipal Hospitals Private Limited (Acquirer) is a wholly owned subsidiary of Manipal Health Enterprises Private Limited (MHEPL). MHEPL along with the Acquirer (including its affiliates) is present in the healthcare sector in India operating a network of hospitals providing multi-specialty care under the brand name 'Manipal Hospitals'.

Sahyadri Hospitals Private Limited(Target) operates a multi-speciality hospital chain in Maharashtra, offering comprehensive tertiary ...