Mumbai: Apollo Hospitals, Narayana Health-Bain Capital, Manipal Hospitals and AION Capital are among suitors for Seven Hills Healthcare Pvt. JPMorgan’s Asia infrastructure fund invested $72 million in Seven Hills Healthcare in 2008. Apart from Axis Bank, lenders of Seven Hills include State Bank of India, Allahabad Bank, Union Bank of India, Punjab & Sind Bank, Uco Bank, Canara Bank, Central Bank of India and Bank of Maharashtra. This is the second time that special situations fund AION Capital Partners is attempting a potential acquisition of Seven Hills. Both AION and Bain declined to comment when asked for a response, while emails sent to Manipal Hospital, Narayana Health and Apollo Hospitals remained unanswered until press time on Thursday.

Source: Mint May 31, 2018 16:07 UTC