NEW YORK (March 20): Malaysia’s IHH Healthcare has submitted a bid to buy a controlling stake in Medanta-The Medicity super specialty hospital, Mint reports, citing two unidentified people familiar.
* IHH bid values the hospital at 55b-57b rupees: Mint cites one of the two people
* Singapore’s Temasek is also likely to submit a bid for a majority stake in a few weeks: Mint cites the other unnamed person
** Carlyle Groups owns 27% in Gurugram-based Medanta; Temasek holds 18%; Cardiac surgeon Naresh Trehan, his family and Medanta co-founder Sunil Sachdeva own the rest
* Spokespersons for IHH, Temasek, Carlyle declined to comment to Mint; Trehan didn’t answer emailed request for comment
* NOTE: March 14, Fortis Says Not Received Any Official Communication From IHH