"Such a move would enable us to have virtual presence in regions where we do not yet have a physical presence, for example, the North Eastern states," said Jose
Billionaire Ranjan Pai-controlled hospital chain had earlier taken over Columbia Asia's India operations for Rs 2,100 cr
Manipal Hospitals had signed a deal to acquire India biz of Columbia Asia Hospitals last year.
The amount raised would be partly used to fund the company's acquisition of Columbia Asia Hospitals' India business
In a Q&A, Dilip Jose says his chain of 16 hospitals currently is adopting a look-east, look-west policy to enhance its reach
The Competition Commission of India (CCI) on Friday approved acquisition of Columbia Asia Hospitals by Manipal Health Enterprises
The platform runs on a software called Power BI, a data visualisation tool that evaluates the vitals of all patients in ICUs in over 15 districts of Karntaka
The acquisition of Columbia Asia will expand the privately-held chain's geographical reach, especially in the underserved eastern region
The deal may mark the exit of US based hospital chain from India
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Digital healthcare platform Practo, for example, has seen a jump of three to four times in requests for consultation with general physicians
Plans organic expansion after unsuccessful attempts to acquire Fortis, Medanta hospitals
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Together, Manipal and Medanta would have a bed count of around 7000-8000 beds once the ongoing expansion projects are completed