Put up a couple of customary processes, the transaction is anticipated to be consummated shortly, in line with an organization assertion. Based on sources, the transaction worth of Manipal-Medica deal is round ₹1,400 crore.
“This acquisition is in keeping with Manipal Hospitals’ technique of increasing its footprint and presence in japanese India because the main hospital chain within the area,” the hospital chain main mentioned.
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By leveraging the medical experience and infrastructure of Medica Synergie, together with the mixed operations of its in depth community, Manipal Hospitals will likely be well-positioned to satisfy the rising demand for prime quality tertiary and quaternary healthcare companies in Jap India, it mentioned.
Increasing footprint
Commenting on the transaction, Dilip Jose, MD and CEO mentioned, “We’re delighted to welcome Medica Synergie with its extremely proficient crew of execs into the Manipal household. With this acquisition Manipal Hospitals builds on its robust presence in japanese India, enabling us to broaden our attain and meet the healthcare wants of this under-served area.”
Manipal Hospitals will combine Medica Synergie into its portfolio and rebrand it.
“Collectively, we’re poised to ship enhanced, distinctive high quality healthcare to our sufferers throughout Jap India, together with the cities of Kolkata, Siliguri, and Ranchi,” Jose mentioned.
With the acquisition of Medica, Manipal Hospitals will deal with 7 million sufferers yearly throughout 37 hospitals spanning 19 cities in 14 states. The addition of Medica has pushed the present hospital mattress depend from over 9,500 to over 10,500.
With a proficient pool of over 5600 docs, together with an worker energy exceeding 18,600, Manipal Hospitals is steadfast in its dedication to medical excellence, patient-centric care, and moral practices, the assertion mentioned.
Notably, in September, 2023, Manipal Hospitals had acquired an 84 per cent stake in Emami Group’s AMRI Hospitals.
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