Manipal Hospitals expanded its footprint in the Indian healthcare space after acquiring a 100% stake in Columbia Asia Hospitals. The deal cost Manipal Hospitals Rs. 2100 crore and made them the second largest multi-speciality hospital chain in India after Apollo Hospitals.
According to a press release, Manipal Hospitals now has 26 hospitals across 14 cities catering to 40 lakh patients annually. They also have 7000 plus beds, 4000 plus doctors and 10,000 plus employees. Columbia Asia Hospitals started operating in Hebbal, Bengaluru in 2005. In the subsequent years, they expanded to become a chain of 11 hospitals across Bengaluru, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala and Pune. Cumulatively, they had 1300 beds, 1200 clinicians and 4000 employees. “The focus now is on integration that captures the best from both systems so as to offer a world class experience to all our patients,” Manipal Education and Medical Group (MEMG) chairman Ranjan Pai said after the acquisition.
Columbia Pacific Management’s chairman Dan Baty too seemed upbeat about the deal. “From day one, we focused on building a culture of putting the patient first to deliver the highest quality healthcare with integrity and exceptional service. This combination of Columbia Asia and Manipal Hospitals is very exciting because of the strong cultural alignment between the two companies – and the opportunity it provides for continued growth,” he said in a press release.