The Manipal Group is in advanced discussions with the Emami Group to buy the AMRI hospital chain at an enterprise value of around Rs 1,500 crore. A deal is likely to be announced soon. Emami’s AMRI Hospitals has three super specialty hospitals in Kolkata and a fourth one in Bhubaneswar. The chain has a capacity of 1,200 beds across the four hospitals.
Why it’s important: As the pandemic recedes, there has been a rebound in more patients, making hospitals attractive to investors. There also seems to be consolidation in the space as bigger hospital operators buy out smaller chains.