Manipal Hosptials completes the acquisition of 100% stake in Columbia Asia Hospitals in India equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Manipal Hospitals to focus on expanding footprints in West Bengal and Odisha
MADHUR GOPAL, GM-Marketing, Manipal Health Enterprises Pvt Ltd, talks of the huge leap of technology taken by the healthcare sector, and how Manipal Hospitals is at the forefront of it
What has been the impact of challenges that came with the pandemic on business at Manipal Hospitals? Also, what are the positive outcomes of this time that are going to stay beyond the COVID-19 pandemic?
The pandemic has severely tested our resolve and resilience; in fact, we have an added dimension as we need to be in the frontline of dealing with the virus. Unlike many other sectors, âWork from Homeâ is not an option for healthcare providers and ensuring the safety and morale of doctors, nurses and technicians has been a key additional challenge for hospitals. Various activities were undertaken to protect the mental well-being of our employees. We also ensured no employee lay off even at the cost of revenue loss
CCI gives nod for Manipal Health’s acquisition of Columbia Asia Hospitals
January 08, 2021
× The Competition Commission of India (CCI) has approved the acquisition of 100 per cent shareholding of the Columbia Asia Hospitals Private Limited (CAHPL) by Manipal Health Enterprises Private Limited (Manipal Health).
CAHPL, which began its operations in 2005 and is not engaged in any business activities outside India, is a part of International Columbia US LLC. This international healthcare group, which operates a chain of modern hospitals across India, China and Africa.
This acquisition, announced in November last year reportedly for ₹1,800 crore, will help Manipal Health, part of Manipal Educational and Medical Group, expand in key markets such as the National Capital Region and Kolkata.
CCI approves Manipal Health Enterprises 100% acquisition of Columbia Asia Hospitals
MHEPL operates a network of hospitals, providing multi-specialty care. Apart from Malaysia, MHEPL is not engaged in any business activity outside India.
Manipal Hospital. (PC-Facebook)
The Competition Commission of India (CCI) on January 8 approved acquisition of Columbia Asia Hospitals by Manipal Health Enterprises Private Limited (MHEPL). The Competition Commission of India (CCI) approves acquisition of 100 percent shareholding of the Columbia Asia Hospitals Private Limited by Manipal Health Enterprises Private Limited, the Union Ministry of Corporate Affairs said in a statement.
MHEPL, which is a part of Manipal Educational and Medical Group, operates a network of hospitals, providing multi-specialty care. Apart from Malaysia, MHEPL is not engaged in any business activity outside India.