Photo: Aniruddha Chowdhury/MintMumbai: The hospital deal between Fortis Healthcare Ltd and Manipal Health Enterprises Pvt. Ltd faced several hurdles and underwent multiple changes over the last 18 months, said Puneet Bhatia, co-managing partner and country head, TPG Capital, at the Annual Mint India Private Equity Conclave on Wednesday. As part of the proposed transaction, Manipal promoter Ranjan Pai and TPG Capital will invest Rs3,900 crore in Manipal Hospital. There were a number issues which we knew were there but we cannot ever anticipate how they will reflect on the deal,” Bhatia said. According to Bhatia, TPG believes in staying ahead of the curve and waiting for the right moment to seize a deal.

Source: Mint March 28, 2018 22:41 UTC