Temasek to acquire 41% stake in Manipal Health Enterprises
Manipal Group will hold about 30% of Manipal Health post the deal.
Manipal Group will hold about 30% of Manipal Health post the deal.
With Manipal Hospitals wrapping up a deal to buy Columbia Asia Hospitals, Ranjan Pai has chalked off a major item on his bucket list: building a pan-India hospital chain. But he is far from done.
The funding comes close on the heels of billionaire entrepreneur Ranjan Pai-led Manipal Hospitals acquiring Columbia Asia Hospitals in India for ₹2,100 crore last November.
The ₹2,100-crore acquisition of Columbia Asia Hospitals is set to give Pai’s Manipal Hospitals an inroad into Kolkata, Gurugram, Ghaziabad, Patiala, and Pune.
The big deal between Manipal Hospitals’ owner and Columbia Asia Hospitals is subject to regulatory approvals. Here’s a replug of our story on the same in February.
B.R. Shetty plans to pump in billions of dollars as part of his plan to open 20,000 hospital beds in India over the next 10 years. Given the churn in the healthcare sector, will he succeed?
The Café Coffee Day founder’s death has shocked business leaders, who considered him to be a resilient entrepreneur and an optimist.
The billionaire entrepreneur is looking at expanding beyond his established healthcare and education businesses as he sees potential in the ₹44,000 crore Indian health insurance market.
Tech advancements are creating new opportunities in healthcare with artificial intelligence, blockchain, and data analytics leading the way.
Editor’s Letter from the December 2018 issue.