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Synopsis
It already had a strong brand, now Manipal Hospitals also has a large footprint across the country after the acquisition of Columbia Asia. However, several challenges lie ahead. While integrating Columbia Asia in the face of the raging Covid-19 pandemic will be an onerous task, Manipal Hospitals also needs to work on improving profitability and returns.
Finally, it’s done! Manipal Health Enterprises Pvt Ltd (Manipal Hospitals) can now bask in the pride of having a pan-India network. After some failed attempts at acquiring large hospital assets over the past few years, Manipal Hospitals completed the acquisition of Columbia Asia Hospital last month, making it the second-largest multi-speciality hospital chain in the country in terms of bed capacity. Manipal Hospitals’ promoter Ranjan Pai had
BENGALURU: Manipal Health Enterprises Pvt Ltd (Manipal Hospitals), one of India’s largest multi-speciality healthcare providers, on Friday announced that they have entered into a definitive agreement to divest their hospital business at Klang, Malaysia to healthcare provider Ramsay Sime Darby Health Care (RSDH).
In a statement, Manipal Hospitals said that the transfer of ownership shall take place post completion of closure obligations. Set up in 2016, Manipal Hospitals, Klang is a high-end tertiary care hospital accredited by the Malaysian Society for Quality in Health (MSQH), it said.
Dilip Jose, MD & CEO, Manipal Hospitals said: We are proud of having created and grown a strong healthcare franchise in Malaysia, modelled on providing high quality, affordable and comprehensive healthcare services. We wish our team at Klang and RSDH the very best as they together take the hospital through its next phase of growth. The divestment comes at a time when Manipal Hospitals gears u
Manipal Health divests stake in hospital biz in Malaysia biospectrumindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biospectrumindia.com Daily Mail and Mail on Sunday newspapers.