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EY has successfully advised Vikram Hospital Bengaluru Private Limited (Vikram Hospital) and its shareholder - Multiples Private Equity Fund, on the strategic sale of Vikram Hospital to Manipal Health Enterprises Private Limited (MHEPL), for INR 350 crore.
EY acted as an exclusive Investment Banking Advisor to Vikram Hospital and Multiples Private Equity Fund.
Vikram Hospital is a 250+ bed, high end tertiary care hospital in Central Bengaluru. Located in the heart of Bengaluru, it draws patients from all regions of Bengaluru. It is well known for its expertise in the fields of cardiac and neurosciences.
Manipal Health Enterprises Private Limited (MHEPL) is one of the leading private hospital chains in the country with a pan-India footprint of 27 hospitals across 14 cities, 7,300+ beds, and a pool of 4,000 doctors along with an employee strength of over 11,000.
This is a marquee transaction in the fast growing Bengaluru healthcare sector. The acquisition of Vikram Hospital complements the existing network of MHEPL and strengthens its brand positioning as No.1 hospital chain in the region. This deal also reinforces EY’s credentials in advising hospital sector M&A transactions.