Manipal Hospitals

Last updated

Manipal Hospitals
Company type Private
Industry Healthcare
Founded1953;72 years ago (1953)
Founder T. M. A. Pai
Headquarters Bangalore, Karnataka, India
Number of locations
33 (2022)
Key people
Products Hospitals, Pharmacy, Diagnostic centres
RevenueIncrease2.svg₹4,806 crore (US$560 million) (FY23) [2]
Increase2.svg₹1,279 crore (US$150 million) (FY23) [2]
Owner
Divisions AMRI Hospitals
Medica Hospitals
Website www.manipalhospitals.com

Manipal Health Enterprises, [5] commonly known as Manipal Hospitals, [6] is an Indian for-profit private hospital network headquartered in Bangalore, Karnataka. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953. [7] Manipal Hospitals is the second largest healthcare provider in India, [8] with a network of 33 hospitals. [1] Manipal Hospitals is part of the Manipal Education and Medical Group. [9]

Contents

History

In 1953, T. M. A. Pai founded Kasturba Medical College in coastal Karnataka. The college operated as a public-private partnership utilizing the government hospitals in Mangalore. Dr. Pai was an Indian doctor, educationist, and philanthropist who was awarded the Padma Shri by the Government of India in 1972. [10]

The first branch of Manipal Hospitals was established in Bangalore in 1991. This branch is a 600-bed quaternary care facility that houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore, was established. This 251-bed tertiary care hospital named KMC Hospital, a teaching hospital for Kasturba Medical College, Mangalore. [11]

In April 2021, Manipal Hospitals announced the sale of its only hospital outside India, Manipal Hospital Klang in Malaysia, to Ramsay Sime Darby Health Care for ₹700 crore (US$94.47 million). [12]

In 2021, Manipal Hospitals acquired Columbia Asia's 11 hospitals in India for ₹2,100 crore. [13] [14] All Columbia Asia hospitals were later rebranded as Manipal Hospitals. [15] In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for ₹350 crore. [16]

In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs. [17]

In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about ₹16,000 crore (US$1.8 billion), increasing its shareholding to 59% and becoming the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around ₹40,000 crore (US$4.6 billion). [18]

In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for ₹2,300 crore (US$270 million). [19]

In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals with ₹1,400 crores investment. [20] [21]

In December 2024, SOGF partners with EaseMyTrip and Manipal Hospitals for its Grandmasters Series. [22]

See also

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References

  1. 1 2 Nair, Geeta (16 August 2022). "Manipal Hospitals expands footprint with new facility in Pune". Financial Express. Retrieved 26 November 2022.
  2. 1 2 "India Ratings Upgrades Manipal Health Enterprises' Bank Facilities to 'IND AA'/Stable; Rates Additional Limits". India Ratings and Research. Retrieved 14 December 2023.
  3. ↑ "Temasek sells 8% stake in Manipal Health to Mubadala, others". Mint. Retrieved 17 June 2024.
  4. ↑ "Manipal Hospitals' $1 Billion IPO: A Game-Changer for India's Healthcare Landscape?". kenthospitals. Retrieved 10 January 2025.
  5. ↑ Das, Sohini (13 October 2022). "Manipal Health may launch IPO after deal to buy AMRI Hospitals". Business Standard. Retrieved 13 November 2022.
  6. ↑ Bell, Jamie (10 December 2024). "Manipal Hospitals successfully performs eastern India's first AI-powered wireless pacemaker insertion". Cardiac Rhythm News. Retrieved 16 December 2024.
  7. ↑ "Forbes India - How Ranjan Pai Is Striving To Make Manipal Hospitals India's Biggest Health Care Player". Forbes India. Retrieved 29 May 2022.
  8. ↑ "Manipal takes over Columbia Asia, emerges second largest healthcare chain". The Economic Times.
  9. ↑ Vinayak, A. J. (18 July 2021). "Manipal Hospitals: Big buys, big league". The Hindu Business Line. Retrieved 13 November 2022.
  10. ↑ "The Education Barons Of Manipal". Businessworld. Retrieved 14 November 2022.
  11. ↑ "Hospital | Kasturba Medical College, Mangalore - Manipal Academy of Higher Education". manipal.edu.
  12. ↑ "Manipal Health sells its Malaysian hospital to Ramsay Sime Darby Healthcare". The Economic Times. 10 April 2021. Retrieved 3 February 2023.
  13. ↑ "Manipal Hospitals completes acquisition of Columbia Asia". The Hindu. 30 April 2021. ISSN   0971-751X . Retrieved 29 October 2021.
  14. ↑ "Manipal Hospitals set to acquire Columbia Asia Hospitals for ₹2,100 cr". The Hindu. 2 November 2020. Retrieved 14 November 2022.
  15. ↑ "Columbia Asia rebranded as Manipal Hospitals". The Times of India. 19 November 2021. Retrieved 3 February 2023.
  16. ↑ "Manipal Hospitals acquires Vikram Hospital for ₹350 crore". The Hindu. 3 June 2021.
  17. ↑ "Manipal Hospitals group acquires Hyderabad-based Medcis PathLabs". Moneycontrol. Retrieved 13 November 2022.
  18. ↑ "Singapore's Temasek buys majority stake in Manipal Hospitals for $2 billion". Economic Times. 8 April 2023. Retrieved 8 April 2023.
  19. ↑ "Manipal Hospitals acquire 84% stake in Emami Group's firm AMRI Hospitals for Rs 2300 cr". CNBC TV18. 21 September 2023. Retrieved 2 December 2023.
  20. ↑ Pal, Priyasi. "Manipal Hospitals Acquires Medica Synergie, Solidifying Presence in Eastern India". Bru Times News.
  21. ↑ "Manipal Hospitals acquires majority stake in Medica Synergie". The Hindu. 29 April 2024.
  22. ↑ "EaseMyTrip and Manipal Hospital joins hand with SOGF Grandmasters Series as Brand Partners for the Inaugural South Zone Finals". Bru Times News.
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