Morgan Stanley to invest Rs 145 crore in Manipal HealthJuly 5, 2019
Morgan Stanley India Infrastructure (MSII) will be investing Rs 145 crore in Manipal Health Enterprise, the healthcare arm of Manipal Education and Medical Group, for an undisclosed stake.
The deal involves an investment of Rs 100 crore in Healthmap, a public-private partnership for diagnostic imaging in Indian healthcare, a statement said.
Millions of people are pushed deeper into poverty each year because of healthcare emergencies and costs and early diagnostic imaging can help them avoid such emergencies but the cost of the tests can be a deterrent, Dilip Jose, the Managing Director and Chief Executive of Manipal Health Enterprises.
MHEPL is backed by private equity majors including Singapore’s Temasek and TPG.