Next year Medica and Manipal will merge, making the amalgamated entity the largest corporate hospital chain in the country, overtaking Apollo Hospitals Enterprises.
Prior to the deal, Sheares Healthcare India, an existing shareholder in Manipal Health Enterprises, held around 18 percent stake. Sheares manages a portfolio of healthcare delivery assets for Singapore-headquartered investment major Temasek.
Updated Apr 16, 2021 | 19:01 IST
Manipal Hospitals seeks to build a strong presence in eastern India, and the AMRI deal will make Manipal the largest private hospital chain in the East. Manipal Health revives talks to buy Kolkata-based AMRI Hospitals, offers Rs 1,500 crore. (Representational image)
New Delhi: Bengaluru-based hospital chain Manipal Health Enterprises has reportedly resumed discussions to acquire Kolkata-based AMRI (Advanced Medical Research Institute) Hospitals in a bid to build a robust presence in eastern India after getting the Competition Commission of India (CCI) approval for the acquisition of 100 per cent shareholding in Columbia Asia Hospitals earlier this year.
Both sides have inked a timebound exclusivity pact for bilateral negotiations, people with knowledge of the matter told