After Fortis race, Manipal plots growth in India, overseas markets

Rough estimates show that at a rate of Rs 10 million per hospital bed, the investment in India alone would be around Rs 20 billion

After dropping out of the race to acquire India’s second-largest health care chain Fortis Healthcare, Bengaluru-headquartered Manipal Health Enterprises is now charting out growth plans in domestic as well as overseas markets. Backed by private equity players such as TPG and Temasek, the firm is on the lookout for potential targets to expand.

The Ranjan Pai-led health care major now has 2,200 operational beds in India of the total 3,000 capacity it has. It plans to add another 2,000 beds in India in the next five years. Overseas, it plans to add at least 750 to 1,000 beds in