• August 3, 2021

Manipal takes over Columbia Asia, emerges second largest healthcare chain, Well being Information, ET HealthWorld

Apr 30, 2021

Manipal Hospitals on Friday introduced the profitable completion of buying 100% stake in Columbia Asia Hospitals after completion of all regulatory approvals.

With the acquisition at a price of Rs 2100 crore, Manipal has emerged as India’s second largest multi-speciality hospital chain after Apollo Hospitals.

Manipal Schooling and Medical Group (MEMG) chairman Ranjan Pai, welcoming Columbia Asia staff into Manipal household, stated: “The main target now could be on integration that captures the most effective from each programs in order to supply a world class expertise to all our sufferers.”

The acquisition helps Manipal with a geographical that Columbia Asia gives to achieve a bigger nationwide footprint. The mixed entity now has 26 hospitals throughout 14 cities with 7,000 plus beds, and a pool of 4,000 plus docs and 10,000 plus workers. They deal with about 40 lakh sufferers yearly, Manipal stated in a press launch.

Columbia Pacific Administration chairman Dan Baty stated he was enthusiastic that the mixture of Manipal and Columbia Asia will enable it to serve a larger variety of sufferers with excellence ingrained in each organizations.

Columbia Asia Hospitals commenced operations in India in 2005 in Hebbal, Bengaluru and operated 11 hospitals throughout the nation in Bangalore, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala and Pune with over 1,300 beds, 1,200 clinicians and 4,000 workers.

Manipal Well being, managed by billionaire Ranjan Pai, has TPG Capital and Temasek Holdings as its different important traders.

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