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 hospital chain afte
India Inc bats for easier processes to speed up vaccine delivery
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New Delhi: Private sector can scale up India’s covid-19 vaccination drive five times in the next 45 days, but needs processes that are less cumbersome than currently followed, industry leaders
Mint spoke to said. India, in 40 days, has vaccinated 1.23 crore healthcare and frontline workers. A speedier vaccination drive has become an imperative given that many Indian states are now witnessing a second wave.
“When the private sector gets extensively involved, we can ramp up the vaccination effort five to 10 times, Shobana Kamineni, vice chairperson of Apollo Hospitals Enterprise Limited, said. “We can do 50 million vaccinations in the next 45 days if the sites are ramped up and more people are encouraged to get vaccinated, she added.
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.