Ontario Teachers’ Pension Plan seeks to solicit final bids this month for the Toronto-based investor’s Indian hospital asset, people familiar with the process said. Manipal Hospitals, supported by Singapore investment fund Temasek; a consortium including Malaysia-based IHH Healthcare; and a consortium led by private-equity firm Blackstone, are among those who have moved on to the next round to submit financial bids for the Ontario pension system’s Sahyadri Hospitals, the people said. The deal, if successful, could value the asset at up to US$650 million, one of the people said.
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Source: https://www.wsj.com/business/deals/ontario-pension-may-call-final-bids-for-india-hospital-asset-this-month-sources-say-9085b99b