Template:Infobox company Manipal Health Enterprises,[1] commonly known as Manipal Hospitals,[2] 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.[3] Manipal Hospitals is the second largest healthcare provider in India,[4] with a network of 33 hospitals.[5] Manipal Hospitals is part of the Manipal Education and Medical Group.[6]
History
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.[7]
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.[8]
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 Template:INRConvert.[9]
In 2021, Manipal Hospitals acquired Columbia Asia's 11 hospitals in India for Template:INR2,100 crore.[10][11] All Columbia Asia hospitals were later rebranded as Manipal Hospitals.[12] In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for Template:INR350 crore.[13]
In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.[14]
In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about Template:INRConvert, increasing its shareholding to 59% and becoming the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around Template:INRConvert.[15]
In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for Template:INRconvert.[16]
In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals for ₹1,400 crore.[17][18]
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).[19][20]
Gallery
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KMC Hospital, Mangalore
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Manipal Hospital beside World Trade Center Bangalore
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Manipal Hospital, Mysore
See also
References
- ↑ Manipal Health may launch IPO after deal to buy AMRI Hospitals. Business Standard(13 October 2022). Retrieved 13 November 2022.
- ↑ Manipal Hospitals successfully performs eastern India's first AI-powered wireless pacemaker insertion, Bell, Jamie. Cardiac Rhythm News(2024-12-10). Retrieved 2024-12-16.
- ↑ Forbes India - How Ranjan Pai Is Striving To Make Manipal Hospitals India's Biggest Health Care Player. Forbes India. Retrieved 2022-05-29.
- ↑ Manipal takes over Columbia Asia, emerges second largest healthcare chain. The Economic Times.
- ↑ Manipal Hospitals expands footprint with new facility in Pune. Financial Express(16 August 2022). Retrieved 26 November 2022.
- ↑ Manipal Hospitals: Big buys, big league. The Hindu Business Line(18 July 2021). Retrieved 13 November 2022.
- ↑ The Education Barons Of Manipal. Businessworld. Retrieved 14 November 2022.
- ↑ Hospital | Kasturba Medical College, Mangalore - Manipal Academy of Higher Education. manipal.edu.
- ↑ Manipal Health sells its Malaysian hospital to Ramsay Sime Darby Healthcare. The Economic Times(10 April 2021). Retrieved 3 February 2023.
- ↑ Manipal Hospitals completes acquisition of Columbia Asia. The Hindu(2021-04-30). Retrieved 2021-10-29.
- ↑ Manipal Hospitals set to acquire Columbia Asia Hospitals for ₹2,100 cr. The Hindu(2 November 2020). Retrieved 14 November 2022.
- ↑ Columbia Asia rebranded as Manipal Hospitals. The Times of India(19 November 2021). Retrieved 3 February 2023.
- ↑ Manipal Hospitals acquires Vikram Hospital for ₹350 crore. The Hindu(3 June 2021).
- ↑ Manipal Hospitals group acquires Hyderabad-based Medcis PathLabs. Moneycontrol. Retrieved 13 November 2022.
- ↑ Singapore's Temasek buys majority stake in Manipal Hospitals for $2 billion. Economic Times(8 April 2023). Retrieved 8 April 2023.
- ↑ 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.
- ↑ Manipal Hospitals Acquires Medica Synergie, Solidifying Presence in Eastern India. Bru Times News.
- ↑ Manipal Hospitals acquires majority stake in Medica Synergie. The Hindu(29 April 2024).
- ↑ Ontario Teachers’ announces sale of Sahyadri Hospitals. Ontario Teachers' Pension Plan(9 July 2025). Retrieved 9 July 2025.
- ↑ Manipal Health buys Sahyadri Hospitals for Rs 6,400 crore. The Economic Times Jul 10, 2025, 12:14:00 AM IST(10 Jul 2025). Retrieved 10 July 2025.