MANIPAL HOSPITALS COMPLETES THE ACQUISITION OF 100% STAKE IN COLUMBIA ASIA HOSPITALS IN INDIA
BECOMES INDIA’S SECOND LARGEST MULTI-SPECIALITY HOSPITAL CHAIN
- The transfer of ownership has taken place following completion of all applicable regulatory approvals
- The combined entity will further promote excellence in delivery of healthcare services, with an enhanced pan-India footprint
- Manipal Hospitals widens its footprint to 26 hospitals across 14 cities with 7,000+ beds with a talented pool of 4,000+ doctors and 10,000+ employees
Chennai, April 30, 2021
Manipal Hospitals, today announced the successful completion of acquiring 100% stake in Columbia Asia Hos pitals Private Limited (Columbia Asia). The transfer of ownership has taken place post the completion of all reg ulatory approvals. With this acquisition, Manipal Hospitals becomes India’s second largest multi-speciality ho spital chain. Today, the integrated organization with the strong clinical expertise and breadth of services of Ma nipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, is uniquely pla ced to enhance access and address the growing demand for high quality tertiary and quaternary healthcare in the country.
Commenting on the completion of the deal, Dr. Ranjan Pai, Chair man, Manipal Education and Medical Group (MEMG), said, “We are pleased to have completed the regulatory processes that now allow these two outstanding he althcare delivery organisations to function as one. Th e focus now is on integration that captures the best from both sy st ems so as to offer a world class experience to all our patients. I once again welcome the entire team at Columbia Asia Hospitals to the Manipal family.”
The acquisition helps Manipal Hospitals with a remarkable geographical and cultural fit that Columbia Asia off ers to reach a larger national footprint. Together, the combined entity now has 26 hospitals across 14 cities with 7,000+ beds, and a talented pool of 4,000+ doctors and 10,000+ employees. Treating over 4 million patients an nually, the hospital chain today, ranks amongst the largest healthcare provider networks in the country.
Sharing his views on the completion of the transaction, Dan Baty, Chairman, Columbia Pacific Management said, “I am extremely enthusiastic about the combination of Manipal and Columbia Asia as it will allow a greater number of pa tients to be served by the clinical and service excellence ingrained in both organizations.”
Columbia Asia Hospitals commenced operations in India in 2005 in Hebbal, Bengaluru and operated 11 hospitals across the country in Bangalore, Mysore, Kolkata, Gurugram, Ghaziabad, Patiala and Pune with of over 1,300 be ds, 1,200 clinicians and 4,000 employees.
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About Manipal Hospitals:
As a pioneer in healthcare, Manipal Hospitals is India’s second largest multi-specialty healthcare providers treat ing over 4 million patients annually. With its recent acquisition of 100% stake in Columbia Asia Hospitals in In di a, the integrated organisation today has an enhanced pan-India footprint with 26 hospitals across 14 cities with 7,000+ beds with a talented pool of 4,000+ doctors and 10,000+ employees. Its focus is to develop an affo rda ble, high quality healthcare framework through its multispecialty and tertiary care delivery spectrum and fur ther extend it to out of hospital care. Manipal Hospitals provides comprehensive curative and preventive care for a multitude of patients from around the globe.
About Columbia Pacific Management:
Columbia Pacific Management (CPM), based in Seattle, oversees an international healthcare business that deve lops and operates hospitals, clinics and senior housing around the world. CPM founded Columbia Asia Hospitals, which has operations in India and SE Asia. CPM sold the Columbia Asia SE Asia hospitals to Hong Leong and TPG in 2020 and the remaining India hospitals to the Manipal Group in 2021. CPM continues to develop and operate hospitals, clinics and senior living in China (Columbia China), India (Columbia Pacific Communities) and Africa (Columbia Africa).
Manipal Hospitals
Concept Public Relations
Archana Jain | archana@conceptindia.com (+91 9845541244)
Columbia Pacific Management
Cecilia Sorci | cecilia@pacificpub.com (+1 2062264147)
Pacific Public affairs
