Singapore-based investment company Temasek-backed hospitals Manipal Health Enterprises and Medica Synergie Pvt Ltd are likely to merge soon and operate as a single entity under the Manipal brand, sources close to the development said.
Manipal Health Enterprises (Manipal Hospitals) has a capacity of 9,500 beds in 33 hospitals in India, while Medica has a presence in eastern India with 1,200 beds.
Both the hospitals are in expansion mode — with Manipal Hospitals eyeing another 1,200 beds in 18-36 months, and Medica 450-500 beds in two-three years.
A source close to the development told Business Standard: “In Manipal Temasek owns around