Temasek confirms 41% stake acquisition in Manipal Health Enterprises
The stake acquisition stems from their focus on longer lifespans.
Singapore's Temasek said it secured a 41% stake in India-based Manipal Health Enterprises to "focus on longer lifespans."
"At Temasek, we continue to seek opportunities in India that are aligned with our views on structural trends shaping the future. This includes our focus on Longer Lifespans, which looks at how healthcare can address the growing needs of longevity," Temasek said, responding in an email to Singapore Business Review when asked about the 41% stake acquisition.
According to news reports, the additional stake could be about $2b.
Manipal Hospitals has treatment including lifestyle clinic which offers benefits such as reducing cost of treatment, improve quality of life, and cuts number of hospitalisation days.