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Express News Service BHUBANESWAR: A ray of hope beamed on the face of Manisha Pradhan as the airlifting team arrived at the corridor of AIIMS-Bhubaneswar on Thursday afternoon to shift her younger brother Amrit Pradhan, who has been battling Covid-19 for over a month, to Chennai-based Apollo Hospital. After initial procedures that took a couple of hours, the four-member team started preparation to lift the 24-year-old software engineer in an air-ambulance fitted with extracorporeal membrane oxygenation (ECMO) that was waiting for the patient at the Biju Patnaik International Airport (BPIA),...

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 (MH...

Representative image MUMBAI: Private hospital chains across the country, including the Chennai-based Apollo group and Delhi-based Fortis Healthcare, and Mumbai-based Hinduja Hospital, are discussing modalities to offer foreign-manufactured vaccines like Pfizer and Moderna in India, following the relaxation in government guidelines recently. “We have had preliminary discussions with Pfizer, and are awaiting clarity on their plans’’, Anil Vinayak, group COO, Fortis Healthcare confirmed, when contacted by TOI. A final structure will emerge only after the company applies for fast-track ap...

NIIFL invests ₹2,100 cr in Manipal Hospitals The funding comes close on the heels of billionaire entrepreneur Ranjan Pai-led Manipal Hospitals acquiring Columbia Asia Hospitals in India for ₹2,100 crore last November. Image: Narendra Bisht India’s sovereign wealth fund, the National Investment and Infrastructure Fund Limited (NIIFL), on Thursday said that it has invested ₹2,100 crore in Bengaluru-headquartered Manipal Hospitals through its private equity fund NIIF Strategic Opportunities Fund (SOF), its first investment in the Indian healthcare sector. The deal come...

NIIF Strategic Opportunities Fund Buys Stake in Manipal Hospitals Posted on 04/01/2021 India’s National Investment and Infrastructure Fund Limited (NIIF), through its private equity fund NIIF Strategic Opportunities Fund, invested Rs 2,100 crore (US$ 286,241,000) in Bengaluru-headquartered Manipal Hospitals. In November 2020, Manipal Hospitals acquiring Columbia Asia Hospitals Pvt Ltd for Rs 2,100 crore, includes Rs 300 crore of debt. This made Manipal India’s second-largest hospital chain after Chennai-based Apollo Hospitals. Manipal Hospitals was founded by Ranjan Pai. Columbia Asia Hos...