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Manipal Hospitals announces acquisition of 87% stake in Medica Synergie, expanding its reach in eastern India. The deal values at Rs 1,400 crore and will increase Manipal's bed count to 1,600 in Kolkata. Learn more about this strategic move in healthcare industry.
With the acquisition of Medica, Manipal facilities now serve 7 million patients yearly across 37 facilities in 19 cities throughout 14 states.
India Business News: BENGALURU: Manipal Hospitals, the second-largest healthcare provider in India, has entered into an agreement to acquire an 87% stake in Medica Synergi.
Manipal Hospitals announced on Monday that it has signed a binding agreement to acquire an 87 per cent stake in Kolkata-based hospital chain Medica Synergie.
Manipal Hospitals, India's largest hospital chain with 10,500 beds, considers its current figure of beds "insignificant" in the country's context and is actively seeking acquisitions. They recently signed an agreement to acquire an 87% stake in Kolkata-based Medica Synergie for about Rs 1,400 crore, aiming to become the largest hospital chain in India. Manipal plans to expand in the eastern region and other locations like Kerala, Vizag, and Hyderabad.