The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Manipal Health Enterprises Pvt Ltd and Manipal Education and Medical Group India Pvt Ltd (MEMG India). Manipal Health Enterprises Pvt Ltd (MHEPL) operates a chain of multi-speciality hospitals under the brand name 'Manipal Hospitals', while MEMG India is a wholly-owned subsidiary of RSP Trust India and belongs to the Pai family group. In a tweet on Tuesday, CCI said it has approved the "proposed combination involving Manipal Health Enterprises Private Limited and Manipal Education and Medical Group India Private Limited". The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Bengaluru-based hospital chain is focusing on adding beds - both organically and inorganically - and offering more high-end and complex surgeries for growth and profit
In a Q&A, Dr Ranjan Pai also confirms that Manipal Health will look for a listing going forward
Pai is charting an ambitious course for his group in his characteristic self-assured and understated manner, writes Anjuli Bhargava
S Vaitheeswaran talks about the possible ways to bridge the gap in skilled manpower in the sector
Our focus right now is to complete the transaction and the integration, said Pai
The deal may mark the exit of US based hospital chain from India
Plans organic expansion after unsuccessful attempts to acquire Fortis, Medanta hospitals
Manipal Group and TTK Group will jointly hold 51% stake in the company