Siemens Healthineers is exiting its Indian cancer care chain, American Oncology Institute (AOI), in a deal reportedly valued between ₹1,500 and ₹2,000 crore. Potential bidders include private equity funds and Healthcare Global Enterprises. AOI runs 16 hospitals across India and one in Sri Lanka, as Siemens aligns the move with its wider strategic review amid rapid growth in India’s oncology market.
Siemens Healthineers is in discussions with the Karnataka government to collaborate on upcoming centres of excellence in life sciences, healthtech, and medical products. The talks include skilling initiatives, joint incubation, and partnerships aligned with the state’s deeptech roadmap, aiming to deepen Siemens’ footprint in Bengaluru while accelerating innovation and talent development.
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