Manipal Hospitals Takes Over Columbia Asia Hospitals in India

Manipal Hospitals completes the acquisition of Columbia Asia Hospitals in India. Manipal Hospitals has brought the 100 percent stake in Columbia Asia Hospitals Pvt Ltd. And now, the shift of ownership occurred after the completion of all regulatory consents.

In a statement, the company states, that with this acquisition, Manipal Hospitals turns to be India's second-largest multi-speciality hospital chain.

Ranjan Pai, Chairman,  Manipal Education and Medical Group (MEMG) says, "We are pleased to have completed the regulatory processes that now allow these two outstanding healthcare delivery organisations to function as one."

He further adds, that the focus now is on amalgamating that captures the best from both systems so as to offer a world-class experience to all our patients.

Commenting on the acquisition, Manipal Hospital states that together, the combined entity now has 26 hospitals across 14 cities with over 7,000 beds, and a pool of more than 4,000 doctors and 10,000 plus employees.

Dan Baty, Management Chairman, Columbia says,  "I am extremely enthusiastic about the combination of Manipal and Columbia Asia as it will allow a greater number of patients to be served by the clinical and service excellence ingrained in both organisations.”

In November 2020, Manipal Hospitals had states that it had ventured into a definitive agreement to take over Columbia Asia Hospitals in India. The deal would be closed for 2,100 crore, according to  sources.