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Morgan Stanley invests Rs 145 cr in Manipal Health subsidiary

IANS  |  Bengaluru 

Global firm Infrastructure's Indian arm on Wednesday announced Rs 145 crore investment in Diagnostics Ltd, a subsidiary of Enterprise Ltd, to expand its chain of centres across the country.

"The initial investment is Rs 100 crore in HealthMaP, a public-private partnership initiative for in Indian healthcare," India Infrastructure said in a statement here.

In view of shortage of affordable services, the four-year-old is partnering with state-run hospitals across the country and has concessions to operate 37 centres across states like and

"Our business is a 'shop-in-shop' model in which we own and operate the diagnostic imaging units inside the hospitals on long-term contracts," it said, adding it proposes to expand its footprint to 75 centres over the next three years.

"As millions of citizens are pushed into poverty because of emergencies and costs, can help them avoid them but the cost of the tests are a deterrent," it said, adding it seeks to make diagnostic imaging available to the common man at an affordable cost.

"With scheme Ayushman Bharat, plans to with private hospitals to set up facilities for diagnostics and treatment of cardiac ailments or and increase access for patients in the under-served states," Enterprises said in the statement.

Backed by investors like and TPG, Enterprises provides services through 11 multi-specialty hospitals in Karnataka, Andhra Pradesh, Tamil Nadu, Delhi, and

"We are partnering with the Manipal group at an inflection point in the affordable in the sub-continent, which has the world's largest universal healthcare coverage programme," said.

"The public-private partnership is a huge opportunity in healthcare to deliver the best diagnostic at affordable cost to the masses," said HealthMaP in the statement.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 20:28 IST