Manipal takes over Columbia Asia, emerges second largest healthcare chain

Manipal takes over Columbia Asia, emerges second largest healthcare chain [ad_1]

Manipal Hospitals on Friday introduced the profitable completion of buying 100% stake in Columbia Asia Hospitals after completion of all regulatory approvals.

With the acquisition at a worth of Rs 2100 crore, Manipal has emerged as India’s second largest multi-speciality hospital chain after

.

Manipal Education and Medical Group (MEMG) chairman Ranjan Pai, welcoming Columbia Asia workforce into Manipal household, mentioned: “The focus now is on integration that captures the best from both systems so as to offer a world class experience to all our patients.”

The acquisition helps Manipal with a geographical that Columbia Asia presents to achieve a bigger nationwide footprint. The mixed entity now has 26 hospitals throughout 14 cities with 7,000 plus beds, and a pool of 4,000 plus medical doctors and 10,000 plus staff. They deal with about 40 lakh sufferers yearly, Manipal mentioned in a press launch.

Columbia Pacific Management chairman Dan Baty mentioned he was enthusiastic that the mixture of Manipal and Columbia Asia will enable it to serve a higher variety of sufferers with excellence ingrained in each organizations.

Columbia Asia Hospitals commenced operations in India in 2005 in Hebbal, Bengaluru and operated 11 hospitals throughout the nation in Bangalore, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala and Pune with of over 1,300 beds, 1,200 clinicians and 4,000 staff.

Manipal Health, managed by billionaire Ranjan Pai, has TPG Capital and Temasek Holdings as its different vital traders.

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