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Manipal Hosptials completes the acquisition of 100% stake in Columbia Asia Hospitals in India
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Manipal Hospitals completes acquisition of Columbia Asia Hospitals in India
April 30, 2021
Combined entity has 26 hospitals across 14 cities Healthcare provider Manipal Hospitals on Friday announced the completion of its acquisition of Columbia Asia Hospitals in India.
Manipal Hospitals has acquired 100 per cent stake in Columbia Asia Hospitals Pvt Ltd and the transfer of ownership has taken place post the completion of all regulatory approvals.
With this acquisition, Manipal Hospitals becomes India s second largest multi-speciality hospital chain, the company said in a statement. We are pleased to have completed the regulatory processes that now allow these two outstanding healthcare delivery organisations to function as one, Manipal Education and Medical Group (MEMG) Chairman, Ranjan Pai, said.