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Ranjan Pai: Building a healthcare empire

UPDATE:
On April 30, Manipal Hospitals announced that it had completed the acquisition of Columbia Asia Hospitals.]
In the summer of 2020, Ranjan Pai was fighting two battles. On one hand, the chairman of Manipal Education and Medical Group (MEMG) was trying to limit the effects of a national lockdown on his hospital chain, Manipal Hospitals. On the other, the 48-year-old billionaire entrepreneur was trying to salvage a big-ticket acquisition that would kickstart his long-held dream of a pan-India hospital chain.
Then in November, Bengaluru-based Manipal Health Enterprises Private Limited (MHEPL), which runs Manipal Hospitals, announced it would buy Columbia Asia Hospitals in India for about ₹2,200 crore in cash. That will give the predominantly south India-focussed MHEPL a presence in cities such as Kolkata, Gurugram, Ghaziabad, Patiala, and Pune. The combined entity will operate 7,300 beds in 27 hospitals across 15 cities, making it India’s second-largest hospita ....

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Booster shot: India Inc plans Covid-19 jabs for staff, families

Booster shot: India Inc plans Covid-19 jabs for staff, families
Our Bureau
New Delhi/Mumbai |
Updated on
April 21, 2021
Companies feel that there is a need for more clarity on availability, pricing of vaccines - MURALI KUMAR K
Companies feel that there is a need for more clarity on availability, pricing of vaccines - MURALI KUMAR K×
To help employees as vaccination is not covered, as part of the health insurance, under OPD policy
Following the Centre’s decision to allow partial sale of the Covid-19 vaccines in the open market, India Inc has started chalking out plans to get its staff and their immediate families inoculated against the novel coronavirus. ....

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Medanta to get ₹100 crore from ADB - The Hindu BusinessLine

Medanta to get ₹100 crore from ADB
February 15, 2021
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The Gurugram-based Medanta, or Global Health Private Limited, would get ₹100 crore ($13.7 million) from the Asian Development Bank (ADB) in debt financing to provide essential healthcare services during the Covid-19 pandemic.
An agreement for this was signed between Aniruddha Patil, head of Health and Education Investments at ADB’s Private Sector Operations Department, and Naresh Trehan, Chairman and Managing Director of Medanta.
The project will support the purchase of personal protective equipment, basic hygiene products, and patient care equipment such as ventilators and beds. It will also support staff training programmes on infection prevention and control, an ADB statement said here on Monday. ....

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