TPG Invests US$150 Million in Manipal Health Enterprises (Asia)

Source: VCCircle | Author(s): Jasleen Kaur Batra

Global private investment firm TPG has acquired a 25 percent stake in India-based healthcare service provider Manipal Health Enterprises for US$150 million. The deal was approved by the Competition Commission of India on 15 January. Manipal has been scaling its business through a mix of organic expansion and acquisitions in order to expand to new geographies.