Manipal Health Enterprises Limited, commonly known as Manipal Hospitals,[5] is an Indian for-profit private hospital network headquartered in Bengaluru, Karnataka. As of 2026, Manipal Hospitals is the largest hospital network and healthcare provider in India in terms of number of beds, with over 13,000 beds across 49 hospitals.[2]

Manipal Hospitals trace their origins to the Kasturba Medical College in Manipal, founded by T. M. A. Pai in 1953.[6] The hospitals are part of the Manipal Education and Medical Group.[7]

History

In 1953, T. M. A. Pai founded Kasturba Medical College in Manipal, operating as a public-private partnership utilizing the government hospitals in Mangaluru. Dr. Pai was an Indian doctor, educationist, and philanthropist who was awarded the Padma Shri by the Government of India in 1972.[8]

The first branch of Manipal Hospitals was established in Old Airport Road, Bengaluru in 1991. This branch is a 600-bed quaternary care facility that houses over 60 specialties. In 1997, it established a 251-bed tertiary care hospital named KMC Hospital, Mangaluru, a teaching hospital for Kasturba Medical College, Mangaluru.[9]

In 2012, Manipal Hospitals raised US$100 million from True North (India Value Fund Advisors).[10] In 2015, TPG acquired a minority stake in Manipal Hospitals for US$146 million.[11] In 2017, Temasek Holdings acquired True North's 16% stake in Manipal Hospitals at a valuation of US$1 billion.[12]

In 2014, Manipal Hospitals acquired the SK Soni Hospital in Jaipur, marking its entry into North India.[13]

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).[14]

In 2021, Manipal Hospitals acquired Columbia Asia's 11 operational hospitals in India and 1 under-construction hospital for ₹2,800 crore.[15][16][1] All Columbia Asia hospitals were later rebranded as Manipal Hospitals.[17] In 2021, Manipal Hospitals acquired Vikram Hospital in Bengaluru for ₹350 crore.[18]

In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.[19]

In 2023, Temasek Holdings acquired a 41% stake in Manipal Hospitals for about ₹16,000 crore (US$2 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$5 billion).[20]

In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for ₹2,300 crore (US$240 million).[21][22]

In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals for ₹1,400 crore.[23][24]

In July 2025, Manipal Health acquired a majority stake in Sahyadri Hospitals from Canada's Ontario Teachers' Pension Plan for ₹6,400 crore (approximately US$775 million).[25][26]

See also

References

  1. 1 2 Nair, Geeta (16 August 2022). "Manipal Hospitals expands footprint with new facility in Pune". Financial Express. Retrieved 26 November 2022.
  2. 1 2 3 4 "Manipal Health Enterprises" (PDF). ICICI. 28 July 2026.
  3. ↑ "Temasek sells 8% stake in Manipal Health to Mubadala, others". Mint. Retrieved 17 June 2024.
  4. ↑ "Manipal Hospitals' $1 Billion IPO: A Game-Changer for India's Healthcare Landscape?". kenthospitals. Retrieved 10 January 2025.
  5. ↑ Bell, Jamie (10 December 2024). "Manipal Hospitals successfully performs eastern India's first AI-powered wireless pacemaker insertion". Cardiac Rhythm News. Retrieved 16 December 2024.
  6. ↑ "Forbes India - How Ranjan Pai Is Striving To Make Manipal Hospitals India's Biggest Health Care Player". Forbes India. Retrieved 29 May 2022.
  7. ↑ Vinayak, A. J. (18 July 2021). "Manipal Hospitals: Big buys, big league". The Hindu Business Line. Retrieved 13 November 2022.
  8. ↑ "The Education Barons Of Manipal". Businessworld. Retrieved 14 November 2022.
  9. ↑ "Hospital | Kasturba Medical College, Mangalore - Manipal Academy of Higher Education". manipal.edu.
  10. ↑ Joseph Tejaswi, Mini (28 November 2012). "Manipal Hospitals raises $100 million". The Times of India. Retrieved 12 August 2026.
  11. ↑ "TPG invests Rs 900cr in Manipal Health". The Times of India. 27 February 2015. Retrieved 12 August 2026.
  12. ↑ Kurian, Boby (18 September 2017). "Temasek buys Rs 1k-cr Manipal stake". The Times of India. Retrieved 12 August 2026.
  13. ↑ Abrar, Peerzada (18 February 2014). "Manipal Health Enterprises acquires Rajasthan's S K Soni Hospital". The Economic Times. Retrieved 12 August 2026.
  14. ↑ "Manipal Health sells its Malaysian hospital to Ramsay Sime Darby Healthcare". The Economic Times. 10 April 2021. Retrieved 3 February 2023.
  15. ↑ "Manipal Hospitals completes acquisition of Columbia Asia". The Hindu. 30 April 2021. ISSN 0971-751X. Retrieved 29 October 2021.
  16. ↑ "Manipal takes over Columbia Asia, emerges second largest healthcare chain". The Economic Times.
  17. ↑ "Columbia Asia rebranded as Manipal Hospitals". The Times of India. 19 November 2021. Retrieved 3 February 2023.
  18. ↑ "Manipal Hospitals acquires Vikram Hospital for ₹350 crore". The Hindu. 3 June 2021.
  19. ↑ "Manipal Hospitals group acquires Hyderabad-based Medcis PathLabs". Moneycontrol. Retrieved 13 November 2022.
  20. ↑ "Singapore's Temasek buys majority stake in Manipal Hospitals for $2 billion". Economic Times. 8 April 2023. Retrieved 8 April 2023.
  21. ↑ "Manipal Hospitals acquire 84% stake in Emami Group's firm AMRI Hospitals for Rs 2300 cr". CNBC TV18. 21 September 2023. Retrieved 2 December 2023.
  22. ↑ Das, Sohini (13 October 2022). "Manipal Health may launch IPO after deal to buy AMRI Hospitals". Business Standard. Retrieved 13 November 2022.
  23. ↑ Pal, Priyasi. "Manipal Hospitals Acquires Medica Synergie, Solidifying Presence in Eastern India". Bru Times News.
  24. ↑ "Manipal Hospitals acquires majority stake in Medica Synergie". The Hindu. 29 April 2024.
  25. ↑ "Ontario Teachers' announces sale of Sahyadri Hospitals". Ontario Teachers' Pension Plan. Mumbai. 9 July 2025. Archived from the original on 10 July 2025. Retrieved 9 July 2025.
  26. ↑ Bhalla, Mohit; Balakrishnan, Reghu (10 July 2025). "Manipal Health buys Sahyadri Hospitals for Rs 6,400 crore". The Economic Times Jul 10, 2025, 12:14:00 AM IST. Archived from the original on 10 July 2025. Retrieved 10 July 2025.
allikas: https://en.wikipedia.org/wiki/Manipal_Hospitals