Lawstreet Journal

Manipal Hospitals to acquire 100% stake in Columbia Asia Hospitals in India

Lawstreet Journal 3 Nov 2020 9:59pm

Image courtesy: Lawstreet Journal Business Manipal Hospitals to acquire 100% stake in Columbia Asia Hospitals in India

Manipal Hospitals, one of India's largest multi-specialty healthcare providers, will acquire a 100% stake in Columbia Asia Hospitals Private Limited (Columbia Asia). The acquisition will help Manipal Hospitals expand its footprint and foray into East India. Together, the combined entity will have a presence of 27 hospitals across 15 cities with over 7,300 beds and a pool of over 4,000 doctors and over 10,000 employees.

The transfer of ownership to Manipal Hospitals is expected to complete post regulatory approvals. "The strong clinical expertise and breadth of services of Manipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, will ensure that the integrated organization would be uniquely placed to improve access and address the growing demand for high quality tertiary and quaternary healthcare in the country," Manipal Hospitals said in a statement.

It said the "strong clinical expertise and breadth of services" of Manipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, will place the combined entity in a unique position.

"Columbia Asia makes a compelling strategic fit to our core values of clinical excellence, patient-centricity, and ethical practices, and will help us advance our commitment to provide outstanding patient care," Dr. Ranjan Pai, Chairman, Manipal Education, and Medical Group (MEMG) said.

Started in 2015, Columbia Asia Hospitals currently operates 11 hospitals across the country, including in Bangalore, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala, and Pune. The network comprises over 1,300 beds, 1,200 clinicians, and 4,000 employees.

Dan Baty, Chairman, Columbia Pacific Management said the combination of… Continue Reading...


Tagged: Manipal Hospital  
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