Manipal Hospitals
Indian hospital chain From Wikipedia, the free encyclopedia
Manipal Health Enterprises,[5] commonly known as Manipal Hospitals,[6] is an Indian for-profit private hospital network headquartered in Bangalore, Karnataka. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953.[7] Manipal Hospitals is the second largest healthcare provider in India,[8] with a network of 33 hospitals.[1] Manipal Hospitals is part of the Manipal Education and Medical Group.[9]
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| Company type | Private |
|---|---|
| Industry | Healthcare |
| Founded | 1953 |
| Founder | T. M. A. Pai |
| Headquarters | Bangalore, Karnataka, India |
Number of locations | 33 (2022) |
Key people |
|
| Products | Hospitals, Pharmacy, Diagnostic centres |
| Revenue | ₹4,806 crore (US$560 million) (FY23)[2] |
| ₹1,279 crore (US$150 million) (FY23)[2] | |
| Owner |
|
| Divisions | AMRI Hospitals Medica Hospitals |
| Website | www |
History
Summarize
Perspective
In 1953, T. M. A. Pai founded Kasturba Medical College in coastal Karnataka. The college operated as a public-private partnership utilizing the government hospitals in Mangalore. Dr. Pai was an Indian doctor, educationist, and philanthropist who was awarded the Padma Shri by the Government of India in 1972.[10]
The first branch of Manipal Hospitals was established in Bangalore in 1991. This branch is a 600-bed quaternary care facility that houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore, was established. This 251-bed tertiary care hospital named KMC Hospital, a teaching hospital for Kasturba Medical College, Mangalore.[11]
In April 2021, Manipal Hospitals announced the sale of its only hospital outside India, Manipal Hospital Klang in Malaysia, to Ramsay Sime Darby Health Care for ₹700 crore (US$94.47 million).[12]
In 2021, Manipal Hospitals acquired Columbia Asia's 11 hospitals in India for ₹2,100 crore.[13][14] All Columbia Asia hospitals were later rebranded as Manipal Hospitals.[15] In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for ₹350 crore.[16]
In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.[17]
In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about ₹16,000 crore (US$1.9 billion), increasing its shareholding to 59% and becoming the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around ₹40,000 crore (US$4.7 billion).[18]
In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for ₹2,300 crore (US$270 million).[19]
In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals with ₹1,400 crores investment.[20][21]
In December 2024, SOGF partners with EaseMyTrip and Manipal Hospitals for its Grandmasters Series.[22]
Gallery
KMC Hospital, Mangalore
Manipal Hospital beside World Trade Center Bangalore
Manipal Hospital, Mysore
See also
References
External links
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