Manipal Group buys Vikram Hospital for Rs 350 cr in second deal this year

Billionaire Ranjan Pai-controlled hospital chain had earlier taken over Columbia Asia's India operations for Rs 2,100 cr

Billionaire Ranjan Pai-controlled Manipal Hospitals has entered into a definitive agreement with private equity firm Multiples for a 100 per cent acquisition of Bengaluru based Vikram Hospital, making it their tenth hospital in the city. According to sources, the deal size is valued at Rs 350 crore. Post the acquisition, Vikram Hospital will be rebranded as Manipal Hospital.

This is the second acquisition by Manipal Hospitals this year. The hospital chain had completed the acquisition of India operations of Columbia Asia Hospitals for Rs 2,100 crore in April, making it the second largest player in the country after Apollo Hospitals.

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