Business

Manipal Hospitals to buy Columbia Asia’s India ops

Manipal Hospitals has entered into a definitive agreement to acquire a 100 per cent stake in Columbia Asia Hospitals Private Limited in India for an undisclosed amount.

migrator

Updated:3rd Nov, 2020 at 12:13 AM

Chennai

The transfer of ownership to Manipal Hospitals is expected to be completed post regulatory approvals, said a statement.

Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG), said: “This is the start of an exceptional journey for us and together with Columbia Asia, we are now bigger, stronger and uniquely positioned to meet the growing expectations of the communities we serve across the country.” Columbia Asia Hospitals began operations in 2005 in Hebbal, Bengaluru. It now operates 11 hospitals across the country, in Bengaluru, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala and Pune. The network comprises over 1,300 beds and 4,000 staff.

Columbia Pacific has developed oversees healthcare businesses in India, China, South East Asia and Africa.

Manipal Hospitals to buy Columbia Asia’s India ops

Manipal Hospitals has entered into a definitive agreement to acquire a 100 per cent stake in Columbia Asia Hospitals Private Limited in India for an undisclosed amount.

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