NIIFL invests Rs 2,100 Cr in Manipal Hospitals

National Investment and Infrastructure Fund Limited (NIIFL) has announced an investment of Rs 2,100 crore in Manipal Hospitals through its NIIF Strategic Opportunities Fund (SOF), the direct private equity fund of NIIF. This investment marks SOF’s first investment in the Indian healthcare sector and will support Manipal Hospital’s journey of growth to become one of India’s largest hospital chains. The transaction has been signed by both parties and the closing of the transaction is subject to receipt of certain approvals. Manipal Hospitals, headquartered in Bengaluru, has a major presence across India with 15 hospitals and a key focus on tertiary and quaternary care. The recent announcement of their acquisition of Columbia Asia Hospitals, a leading chain of hospitals, will augment their growth aspirations to become a healthcare provider of choice with high-quality multi-specialty offerings and a country-wide presence.