Manipal to buy more hospitals, Health News, ET HealthWorld

Manipal to buy more hospitals

BENGALURU: Manipal Hospitals, which made two significant acquisitions last year – of Columbia Asia and Vikram – to become the second-largest hospital chain in India, is eager to do more.

MD & CEO Dilip Jose told TOI that in NCR, where it has three hospitals, it is keen on two more. It is eager to enter Kerala too. The Columbia acquisition gave Manipal a small 100-bed unit in Kolkata, but Jose said the East is an underserved market, and they want a bigger presence there. “We are also very keen on Hyderabad,” he said.

The chain currently has nearly 8,000 beds across 28 hospitals, the largest network after Apollo. That’s still a small fraction of the 12 lakh beds in private hospitals in India. The country’s healthcare, Jose said, is highly fragmented, with many 50-100 bedded nursing homes. So there’s plenty of headroom for Manipal’s growth, he says.

The preferred route to expand, he said, would be acquisitions, because greenfield hospital takes time. But in Dwarka in NCR, Manipal is looking at a greenfield opportunity.

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