Manipal Hospitals

Manipal Hospitals rebrands AMRI units eight months after acquisition

Manipal Hospitals, which acquired an 84 per cent stake in AMRI Hospitals in September 2023 for around Rs 2,300 crore, announced brand integration on Tuesday

Manipal Hospitals plans to add 1,100 beds on top of already existing 10,500

Dilip Jose, MD & CEO of Manipal Hospitals tells Sanket Koul about the hospital chain's expansion plans and whether the company is looking to go for an initial public offering (IPO)

Manipal Hospitals scouts for aggressive growth, acquisition: CMD Jose

Manipal Hospitals, India's largest hospital chain with 10,500 beds, considers the figure to be "insignificant" in the context of the country and is actively scouting for acquisitions, a top official said on Tuesday. The Singapore sovereign fund Temasek-backed Manipal Hospitals on Monday signed a binding agreement to acquire an 87 per cent stake in Kolkata-based hospital chain Medica Synergie, a deal involving about Rs 1,400 crore helping it to become the largest hospital chain in India. The Bengaluru-based healthcare provider will make exit offers to remaining shareholders to sell their stake, but Manipal Haspitals does not see any hurdle in case existing minority shareholders continue to hold. "Though 10,500 beds and 37 hospitals is a large number, in the context of India, it is still insignificant," Manipal Hospitals Managing Director & CEO Dilip Jose told PTI in an interview after the announcement of the acquisition of Medica Hospitals. "We want to continue to expand further in

Manipal Hospitals to take 87% stake in Medica Synergie for Rs 1.4K crore

The acquisition comes as the hospital chain has been working towards expansion efforts. In September 2023, Manipal Hospitals had acquired an 84 per cent stake in Emami Group's AMRI Hospitals

Manipal Hospitals acquires 87% stake in hospital chain Medica Synergie

Manipal Hospitals on Monday said it has acquired an 87 per cent stake in Kolkata-based hospital chain Medica Synergie for an undisclosed amount. The hospital chain has inked a binding agreement to acquire 87 per cent stake in Medica, a statement said. The acquisition is in line with Manipal Hospitals' strategy of expanding its footprint and presence in Eastern India, it said in a statement. "With this acquisition Manipal Hospitals builds on its strong presence in Eastern India, enabling us to expand our reach and meet the healthcare needs of this under-served region," Manipal Hospitals MD & CEO Dilip Jose said. He further said: "We will integrate Medica Synergie into our portfolio and rebrand it." The addition of Medica has taken the bed count of Manipal Hospitals from over 9,500 to over 10,500. In September 2023, Manipal Hospitals acquired an 84 per cent stake in Emami Group's AMRI Hospitals Ltd.

Novo Nordisk's major shareholder plans to invest about $35 bn by 2030

For Novo Holdings, which invests in life science companies and had assets of 108 billion euros ($115.86 billion) at end-2022, its recent investment in India was its largest in Asia to date

Novo invests in Manipal hospitals as it aims to expand Asia footprint

Novo Holdings' key markets in the region are India, South-East Asia and China, where it opened an office in Shanghai last year

Hospitals see 7-8% surge in patient footfall, new investments in 2023

Jose told Business Standard that investments in medical equipment and increasing bed capacities have picked up in 2023 after a hiatus during the Covid19 period

Manipal Health Enterprises may soon become India's largest hospital chain

Temasek plans to subsume Medica Synergie into Manipal next year

Diagnostic services firm Manipal HealthMap acquires Medcis Pathlabs

Company buys remaining stake in peer after first deal in 2022 gave it 84%

Manipal Hospitals's Pai offers Rs 300 crore loan facility to Byju's parent

A source told Mint that Pai's total investment in the group might reach $300 million if the deal is finalised

Manipal Hospitals to add 750 beds in WB, Odisha under east expansion plan

Nationally, Manipal Hospitals boasts a capacity of 9,500 beds

Mubadala in talks with Temasek for stake buy in Manipal Hospitals

The fund is holding talks with Singapore's Temasek, which spent $2 billion in April to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal in India

Manipal Hospitals launches SOS QR Code to hail ambulance services faster

In an attempt to save lives and provide first aid faster during medical emergencies, Manipal Hospitals on Thursday launched an advanced SOS QR code through which one can avail ambulance service at the earliest in times of distress. Manipal Hospitals has strategically positioned the QR codes at key traffic intersections, apartments, and a few vehicles for easy access during emergencies. Patients or their caregivers can in an instant scan these codes using their Android and iOS mobile phones. The QR code will seamlessly provide real-time, patient location information to the nearest Manipal Ambulance Response Service and 108 Ambulance team. These ambulances have been strategically stationed at various key points throughout the city so that they can transport patients to the nearest hospital. Manipal Hospitals has also launched a cardiopulmonary resuscitation (CPR) education programme for Bengalureans and proposed to the state government to make CPR education mandatory in colleges and .

Manipal acquires majority stake in AMRI Hospitals for Rs 2,300 cr

Manipal Group plans to add more beds over the next 18-36 months through the inorganic route, taking its bed count to 12,000 beds across India

As costly bills hurt patients, rising ARPOB helps improve hospital earnings

ARPOB refers to the average revenue per operating bed which has gone up from Rs 37,397 in FY20 to Rs 57,760 for the first quarter of the ongoing financial year

From adding beds to more high-end surgeries, Manipal's next health plan

Bengaluru-based hospital chain is focusing on adding beds - both organically and inorganically - and offering more high-end and complex surgeries for growth and profit

Temasek to buy additional 41% stake in Manipal Health for Rs 16,300 cr

Singapore's sovereign wealth fund Temasek will buy an additional 41 per cent stake in Manipal Health Enterprises for more than Rs 16,300 crore (USD 2 billion), taking its total shareholding to 59 per cent in one of the country's largest hospital chains. The acquisition of the stake, announced on Monday, is the largest deal in the Indian healthcare sector. Headquartered in Bengaluru, Manipal Health Enterprises (MHE) runs a chain of 29 hospitals under the brand name 'Manipal Hospitals' in 16 cities, with close to 8,300 beds. Temasek will buy the additional stake from Manipal founder Ranjan Pai's family, TPG and the National Investment and Infrastructure Fund (NIIF). However, financial details were not disclosed in the announcement made on Monday. Sources said Temasek's buyout of the additional stake will be for more than Rs 16,300 crore valuing MHE at around Rs 40,000 crore, making it the largest deal in the Indian healthcare sector. The transaction tops the list of multi-crore de

M&As to drive hospital expansion in uncharted territory, say experts

Inorganic expansion gives instant market share in a new geography, greenfield works better in markets where a chain already has a presence, say industry players and analysts

Hospitals see influx of foreign patients in Sept qtr as travel norms ease

Several corporate hospitals say international patient footfalls have crossed pre-pandemic levels