Manipal Hospitals

{{Infobox company

| logo = Manipal Hospitals (logo).png

| image =

| image_size =

| image_caption = Hospital in Bangalore, India

| type = Private

| industry = Healthcare

| products = Hospitals, Pharmacy, Diagnostic centres

| founded = {{Start date and age|1953}}

| founder = T. M. A. Pai

| num_locations = 33 (2022)

| key_people = {{Unbulleted list | Ranjan Pai (Group chairman) | H. Sudarshan Ballal (Chairman)|Dilip Jose (CEO & MD) }}

| hq_location = Bangalore, Karnataka, India

| revenue = {{increase}} {{INRConvert|6144|c}} (FY24)

| operating_income = {{increase}} {{INRConvert|1686|c}} (FY24){{cite news |title=India Ratings Revises Manipal Health Enterprises’s Outlook to Positive; Affirms Bank Loans at ‘IND AA’; Rates Additional Limits |url=https://www.indiaratings.co.in/pressrelease/75082 |access-date=8 May 2025 |work=India Ratings and Research |language=en}}

| owner = {{ubl|Temasek Holdings (51%){{cite news |title=Temasek sells 8% stake in Manipal Health to Mubadala, others |url=https://www.livemint.com/companies/news/temasek-sells-8-stake-in-manipal-health-to-mubadala-others-11706878825028.html |access-date=17 June 2024 |work=Mint}}

|Manipal Group (31%)

|TPG Asia (10%){{cite news |title=Manipal Hospitals’ $1 Billion IPO: A Game-Changer for India’s Healthcare Landscape?|url=https://kenthospitals.com/business/manipal-hospitals-ipo-analysis/|access-date=10 January 2025 |work=kenthospitals|language=en}}

|Mubadala, Novo Holdings A/S, CalPERS (8%)}}

| divisions = AMRI Hospitals
Medica Hospitals

| website = {{URL | www.manipalhospitals.com}}

}}

Manipal Health Enterprises,{{cite news |last1=Das |first1=Sohini |title=Manipal Health may launch IPO after deal to buy AMRI Hospitals |url=https://www.business-standard.com/article/companies/manipal-health-may-launch-ipo-after-rs-35-000-cr-deal-to-buy-amri-hospitals-122101300517_1.html |access-date=13 November 2022 |work=Business Standard |date=13 October 2022 |language=en}} commonly known as Manipal Hospitals,{{Cite web |last=Bell |first=Jamie |date=2024-12-10 |title=Manipal Hospitals successfully performs eastern India's first AI-powered wireless pacemaker insertion |url=https://cardiacrhythmnews.com/manipal-hospitals-successfully-performs-eastern-indias-first-ai-powered-wireless-pacemaker-insertion/ |access-date=2024-12-16 |website=Cardiac Rhythm News |language=en-GB}} 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.{{Cite web |title=Forbes India - How Ranjan Pai Is Striving To Make Manipal Hospitals India's Biggest Health Care Player |url=https://www.forbesindia.com/article/2022-billionaires/how-ranjan-pai-is-striving-to-make-manipal-hospitals-indias-biggest-health-care-player/75997/1 |access-date=2022-05-29 |website=Forbes India |language=en}} Manipal Hospitals is the second largest healthcare provider in India,{{cite web |title=Manipal takes over Columbia Asia, emerges second largest healthcare chain |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/manipal-takes-over-columbia-asia-emerges-second-largest-healthcare-chain/articleshow/82324255.cms |website=The Economic Times}} with a network of 33 hospitals.{{cite news |title=Manipal Hospitals expands footprint with new facility in Pune |url=https://www.financialexpress.com/healthcare/news-healthcare/manipal-hospitals-expands-footprint-with-new-facility-in-pune/2623622/ |access-date=26 November 2022 |work=Financial Express |language=en | first=Geeta | last=Nair | date=16 August 2022}} Manipal Hospitals is part of the Manipal Education and Medical Group.{{cite news |last1=Vinayak |first1=A. J. |title=Manipal Hospitals: Big buys, big league |url=https://www.thehindubusinessline.com/specials/corporate-file/manipal-hospitals-big-buys-big-league/article35390918.ece |access-date=13 November 2022 |work=The Hindu Business Line |date=18 July 2021 |language=en}}

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.{{cite news |title=The Education Barons Of Manipal |url=https://www.businessworld.in/article/The-Education-Barons-Of-Manipal/08-11-2014-59647/ |access-date=14 November 2022 |work=Businessworld |language=en}}

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.{{cite web |title=Hospital {{!}} Kasturba Medical College, Mangalore - Manipal Academy of Higher Education |url=https://manipal.edu/kmc-mangalore/hospital.html |website=manipal.edu}}

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 {{INRConvert|700|c|year=2020|mode=historical}}.{{cite news |title=Manipal Health sells its Malaysian hospital to Ramsay Sime Darby Healthcare |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/ramsay-sime-darby-health-care-acquires-manipal-hospitals-klang-malaysia/articleshow/81982967.cms |access-date=3 February 2023 |work=The Economic Times |date=10 April 2021}}

In 2021, Manipal Hospitals acquired Columbia Asia's 11 hospitals in India for {{INR}}2,100 crore.{{Cite news|date=2021-04-30|title=Manipal Hospitals completes acquisition of Columbia Asia|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/manipal-hospitals-completes-acquisition-of-columbia-asia/article34450049.ece|access-date=2021-10-29|issn=0971-751X}}{{cite news |title=Manipal Hospitals set to acquire Columbia Asia Hospitals for ₹2,100 cr |url=https://www.thehindu.com/business/Industry/manipal-hospitals-set-to-acquire-columbia-asia-hospitals-for-2100-cr/article33001760.ece |access-date=14 November 2022 |work=The Hindu |date=2 November 2020 |language=en-IN}} All Columbia Asia hospitals were later rebranded as Manipal Hospitals.{{cite news |title=Columbia Asia rebranded as Manipal Hospitals |url=https://timesofindia.indiatimes.com/business/india-business/columbia-asia-rebranded-as-manipal-hospitals/articleshow/87787987.cms |access-date=3 February 2023 |work=The Times of India |date=19 November 2021}} In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for {{INR}}350 crore.{{cite web |title=Manipal Hospitals acquires Vikram Hospital for ₹350 crore |url=https://www.thehindu.com/news/cities/bangalore/manipal-hospitals-acquires-vikram-hospital-for-350-crore/article34714746.ece |website=The Hindu |language=en-IN |date=3 June 2021}}

In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.{{cite news |title=Manipal Hospitals group acquires Hyderabad-based Medcis PathLabs |url=https://www.moneycontrol.com/news/business/mergers-acquisitions/manipal-hospitals-group-acquires-hyderabad-based-medcis-pathlabs-8318811.html |access-date=13 November 2022 |work=Moneycontrol |language=en}}

In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about {{INRConvert|16000|c}}, increasing its shareholding to 59% and becoming the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around {{INRConvert|40000|c}}.{{cite news | title=Singapore's Temasek buys majority stake in Manipal Hospitals for $2 billion |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/temasek-buys-majority-stake-in-manipal-hospitals/articleshow/99313658.cms |access-date=8 April 2023|work=Economic Times |date=8 April 2023|language=en}}

In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for {{INRconvert|2300|c}}.{{cite news |title=Manipal Hospitals acquire 84% stake in Emami Group's firm AMRI Hospitals for Rs 2300 cr |url=https://www.cnbctv18.com/business/companies/manipal-hospitals-acquire-84-percent-stake-in-emami-group-firm-amri-hospitals-for-rs-2300-cr-17847531.htm |access-date=2 December 2023 |work=CNBC TV18 |date=21 September 2023 |language=en}}

In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals with ₹1,400 crores investment.{{cite web |last1=Pal |first1=Priyasi |title=Manipal Hospitals Acquires Medica Synergie, Solidifying Presence in Eastern India |url=https://www.brutimes.com/news/business/manipal-hospitals-acquires-medica-synergie-solidifying-presence-in-eastern-indiav |website=Bru Times News |language=en}}{{cite web |title=Manipal Hospitals acquires majority stake in Medica Synergie |url=https://www.thehindu.com/news/national/karnataka/manipal-hospitals-acquires-majority-stake-in-medica-synergie/article68122660.ece |website=The Hindu |language=en-IN |date=29 April 2024}}