Manipal Hospitals
 | |
| Company type | Private |
|---|---|
| Industry | Healthcare |
| Founded | 1953 |
| Founder | T. M. A. Pai |
| Headquarters | Bangalore,Karnataka,India |
Number of locations | 33 (2022) |
Key people |
|
| Products | Hospitals,Pharmacy,Diagnostic centres |
| Revenue |  ₹4,806 crore(US$580 million) (FY23)[2] |
| ₹1,279 crore(US$150 million) (FY23)[2] | |
| Owner |
|
| Divisions | AMRI Hospitals Medica Hospitals |
| Website | www |
Manipal Health Enterprises,[5]commonly known asManipal Hospitals,is an Indianfor-profitprivatehospital networkheadquartered inBangalore,Karnataka.The hospitals trace their origins to theKasturba Medical College,founded byT. M. A. Paiin 1953.[6]Manipal Hospitals is the second largest healthcare provider in India,[7]with a network of 33 hospitals.[1]Manipal Hospitals is part of the Manipal Education and Medical Group.[8]
History
[edit]In 1953,T. M. A. Paifounded the Kasturba Medical College in coastal Karnataka. The college operated as a public private partnership by using the government hospitals inMangalore.Dr. Pai was an Indiandoctor,educationistandphilanthropistand was awarded thePadma Shriby the Government of India in 1972.[9]
The first branch of Manipal Hospitals was started in 1991 inBangalore.The branch is a 600-bedquaternary carefacility and houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore was established, this 251-bed tertiary care hospital is namedKMC Hospital,a teaching hospital of the Kasturba Medical College, Mangalore.[10]
In April 2021, Manipal Hospitals announced the sale of its only hospital outside India,Manipal Hospital Klang, Malaysia,toRamsay Sime Darby Health Carefor a reported₹700 crore(US$94.47 million).[11]
In 2021, Manipal Hospitals completed the acquisition ofColumbia Asia's 11 hospitals in India for₹2,100 crore.[12][13]All Columbia Asia hospitals were subsequentlyrebrandedas Manipal Hospitals.[14]In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for₹350 crore.[15]
In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.[16]
In 2023,Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about₹16,000 crore(US$1.9 billion), to increase its shareholding to 59% and become thecontrolling stakeholderin the hospital chain. The acquisition valued the hospital chain at around₹40,000 crore(US$4.8 billion).[17]
In 2023, Manipal Hospitals acquired an 84% controlling stake inAMRI Hospitalsfor₹2,300 crore(US$280 million).[18]
In April 2024, Manipal Hospitals acquired 87% stake inMedica Synergie Hospitalswith ₹1,400 crores investment.[19][20]
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KMC Hospital,Mangalore -
Manipal Hospital besideWorld Trade Center Bangalore -
Manipal Hospital, Mysore
See also
[edit]References
[edit]- ^abNair, Geeta (16 August 2022)."Manipal Hospitals expands footprint with new facility in Pune".Financial Express.Retrieved26 November2022.
- ^ab"India Ratings Upgrades Manipal Health Enterprises' Bank Facilities to 'IND AA'/Stable; Rates Additional Limits".India Ratings and Research.Retrieved14 December2023.
- ^"Temasek sells 8% stake in Manipal Health to Mubadala, others".Mint.Retrieved17 June2024.
- ^"Confirmed: Singapore's Temasek to pick up 41% stake in Manipal Hospitals".Moneycontrol.Retrieved10 April2023.
- ^Das, Sohini (13 October 2022)."Manipal Health may launch IPO after deal to buy AMRI Hospitals".Business Standard.Retrieved13 November2022.
- ^"Forbes India - How Ranjan Pai Is Striving To Make Manipal Hospitals India's Biggest Health Care Player".Forbes India.Retrieved29 May2022.
- ^"Manipal takes over Columbia Asia, emerges second largest healthcare chain".The Economic Times.
- ^Vinayak, A. J. (18 July 2021)."Manipal Hospitals: Big buys, big league".The Hindu Business Line.Retrieved13 November2022.
- ^"The Education Barons Of Manipal".Businessworld.Retrieved14 November2022.
- ^"Hospital | Kasturba Medical College, Mangalore - Manipal Academy of Higher Education".manipal.edu.
- ^"Manipal Health sells its Malaysian hospital to Ramsay Sime Darby Healthcare".The Economic Times.10 April 2021.Retrieved3 February2023.
- ^"Manipal Hospitals completes acquisition of Columbia Asia".The Hindu.30 April 2021.ISSN0971-751X.Retrieved29 October2021.
- ^"Manipal Hospitals set to acquire Columbia Asia Hospitals for ₹2,100 cr".The Hindu.2 November 2020.Retrieved14 November2022.
- ^"Columbia Asia rebranded as Manipal Hospitals".The Times of India.19 November 2021.Retrieved3 February2023.
- ^"Manipal Hospitals acquires Vikram Hospital for ₹350 crore".The Hindu.3 June 2021.
- ^"Manipal Hospitals group acquires Hyderabad-based Medcis PathLabs".Moneycontrol.Retrieved13 November2022.
- ^"Singapore's Temasek buys majority stake in Manipal Hospitals for $2 billion".Economic Times.8 April 2023.Retrieved8 April2023.
- ^"Manipal Hospitals acquire 84% stake in Emami Group's firm AMRI Hospitals for Rs 2300 cr".CNBC TV18.21 September 2023.Retrieved2 December2023.
- ^Pal, Priyasi."Manipal Hospitals Acquires Medica Synergie, Solidifying Presence in Eastern India".Bru Times News.
- ^"Manipal Hospitals acquires majority stake in Medica Synergie".The Hindu.29 April 2024.