Manipal Hospitals

Revenue from operations rises 38.1 per cent to Rs 3,091 crore, while EBITDA grows 26.4 per cent to Rs 749 crore as inpatient and outpatient volumes increase

Integrated healthcare provider Manipal Health Enterprises on Tuesday said it will acquire Kinder Women's Hospital in Bengaluru for a cash consideration of Rs 130 crore. Manipal Health Enterprises has signed a Business Transfer Agreement (BTA) with Kindorama Healthcare Private Limited for acquiring the entire operations of Kinder Women's Hospital in Doddanekundi in Bengaluru, Karnataka, the company said in a statement. Manipal will acquire the entire business operations and assets of Kinder Hospital for a cash consideration of Rs 130 crore. The transaction does not entail acquisition of shares, it said The addition of Kinder Hospital will help consolidate Manipal Hospitals' position in one of Bengaluru's fast-growing healthcare markets, while further expanding access to its clinical expertise and capabilities. "The acquisition of Kinder Women's Hospital strengthens our presence in Bengaluru's fast-growing Whitefield micro-market and complements our existing healthcare ecosystem in t

Manipal Health Enterprises share price: On Dalal Street, Manipal Health Enterprises will directly compete with major listed hospital peers like Apollo Hospitals, Max Healthcare, and Fortis Healthcare.

Manipal Health IPO GMP today: Ahead of the listing, Manipal Health's unlisted shares are trading at no premium in the grey market. It means Manipal Health IPO investors may not see listing gains.

The IPO, India's second biggest this year after SBI Funds Management, received bids for 229 million shares, as of 1:54 p.m. IST, against 90.09 million shares on offer, according to exchange data

Manipal Health IPO GMP is ₹10, suggesting a listing gain of less than 2 per cent at current levels. That said, analysts find it a compelling long-term bet.

MD & CEO Dilip Jose says the hospital chain will use the ₹8,000-crore fresh issue largely to repay debt, while pursuing organic expansion and selective acquisitions in key markets

Manipal Health will start taking investor orders on July 29 and plans to close bidding on July 31

The Temasek-backed hospital chain is expected to launch its ₹11,000 crore share sale later this month amid cautious investor sentiment

Temasek-backed Manipal Health Enterprises has completed the acquisition of hospital property and development rights in Mumbai's Andheri ahead of its proposed IPO

Temasek-backed Manipal Hospitals has filed its DRHP for a $1 billion-plus IPO, which could become the largest public issue in India's healthcare sector

The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66 per cent stake, alongside a fresh issue of shares worth ₹8,000 crore

Valuation of India's largest hospital network is around $12-15 bn. The Issue will comprise fresh issue of shares and a small portion as OFS

Healthcare major Manipal Hospitals has sought approval from the fair trade regulator CCI to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers' Pension Plan Board in a deal pegged at around Rs 6,400 crore. The companies did not share the deal size, but industry sources estimate the transaction to be in the range of Rs 6,200-6,400 crore. "The proposed transaction envisages the acquisition of up to 100 per cent shareholding by the acquirer (Manipal Hospitals Pvt Ltd) in the target (Sahyadri Hospitals Pvt Ltd) in multiple tranches," according to a notice filed with the Competition Commission of India (CCI). Manipal Hospitals and Sahyadri Hospitals said the "proposed transaction does not have any impact on any relevant market in India, let alone any appreciable adverse effect on competition (AAEC), and therefore, the definition of the relevant product and geographic market may ultimately be left open. In any event, in order to aid and assist the CCI in its ...

Bengaluru-based Manipal Hospitals cements top spot with major expansion, aims IPO

The acquisition boosts Manipal's bed capacity to 12,000 and adds 11 Sahyadri hospitals across Maharashtra as Ontario Teachers' exits with 2.5x return on investment

The acquisition will bring Manipal's total bed count to about 12,000, making it one of India's largest hospital networks, the Bengaluru-based healthcare major said in a statement

India is among the top markets globally for IHH and contributes around 16-17 per cent to its global revenues

Manipal Hospitals, which acquired an 84 per cent stake in AMRI Hospitals in September 2023 for around Rs 2,300 crore, announced brand integration on Tuesday

Dilip Jose, MD & CEO of Manipal Hospitals tells Sanket Koul about the hospital chain's expansion plans and whether the company is looking to go for an initial public offering (IPO)