MONEY-PAL

TEMASEK'S ₹16,400-CRORE DEAL TO ACQUIRE A MAJORITY STAKE IN MANIPAL HEALTH POINTS TO AN INCREASING TREND OF CASH-RICH PRIVATE-EQUITY FIRMS ACQUIRING CONTROLLING STAKES IN INDIA'S HEALTHCARE SPACE

- NEETU CHANDRA SHARMA

RISING RETURNS

INDIA’S HEALTHCARE SECTOR SAW PE FIRMS INVESTING AROUND $2.5 BILLION IN 2022; IT WAS AROUND $2.1 BILLION IN 2021, PER EY

IN 2022, THE HEALTHCARE SECTOR DELIVERED STRONG RETURNS TO INVESTORS, MAKING UP NEARLY 16 PER CENT OF TOTAL EXITS AT $3.5 BILLION, PER BAIN & COMPANY

THE YEAR SAW KKR’S EXIT FROM MAX HEALTHCARE, WITH AN EXIT VALUE OF $1.6 BILLION IN FOUR YEARS. ANOTHER LARGE EXIT WAS EVERSTONE’S FROM SAHYADRI HOSPITALS

CARLYLE AND BRITISH INTERNATIONAL INVESTMENT ALSO EXITED DURING THE IPOs OF MEDANTA (GLOBAL HEALTH) AND RAINBOW HOSPITALS, RESPECTIVELY, IN 2022

HEALTHCARE PROVIDERS CONTINUE TO FOCUS ON GROWTH LED BY SCALE EXPANSION, INCREASED SPECIALISATION, AND COST OPTIMISATION INITIATIVES, WHICH HAVE RESULTED IN IMPROVED UTILISATION AND BETTER MARGINS

WITH ROBUST AND STREAMLINED MODELS EMERGING AFTER COVID-19, LISTED HEALTHCARE PROVIDERS HAVE GENERATED TWO TO THREE TIMES THE RETURNS OF THE NIFTY INDEX IN RECENT YEARS

The sound of construction crews working in commercial spaces has been a constant accompaniment to life in a metro city for the past few years. Earlier, this din was associated with some shopping mall coming up; then it was co-working spaces; in recent times, it has mostly been hospitals—either existing ones being given a glitzy makeover or new ones being built.