| Type: | Private |
| Industry: | Healthcare |
| Products: | Hospitals, Pharmacy, Diagnostic centres |
| Founder: | T. M. A. Pai |
| Num Locations: | 33 (2022) |
| Hq Location: | Bangalore, Karnataka, India |
| Revenue: | (FY23) |
| Operating Income: | (FY23)[1] |
Manipal Health Enterprises,[2] commonly known as Manipal Hospitals, is an Indian for-profit private hospital network headquartered in Bangalore, Karnataka. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953.[3] Manipal Hospitals is the second largest healthcare provider in India,[4] with a network of 33 hospitals.[5] Manipal Hospitals is part of the Manipal Education and Medical Group.[6]
In 1953, T. M. A. Pai founded the Kasturba Medical College in coastal Karnataka. The college operated as a public private partnership by using the government hospitals in Mangalore. Dr. Pai was an Indian doctor, educationist and philanthropist and was awarded the Padma Shri by the Government of India in 1972.[7]
The first branch of Manipal Hospitals was started in 1991 in Bangalore. The branch is a 600-bed quaternary care facility and houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore was established, this 251-bed tertiary care hospital is named KMC Hospital, a teaching hospital of the Kasturba Medical College, Mangalore.[8]
In April 2021, Manipal Hospitals announced the sale of its only hospital outside India, Manipal Hospital Klang, Malaysia, to Ramsay Sime Darby Health Care for a reported .[9]
In 2021, Manipal Hospitals completed the acquisition of Columbia Asia's 11 hospitals in India for 2,100 crore.[10] [11] All Columbia Asia hospitals were subsequently rebranded as Manipal Hospitals.[12] In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for 350 crore.[13]
In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.[14]
In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about, to increase its shareholding to 59% and become the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around .[15]
In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for .[16]
In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals with ₹1,400 crores investment.[17] [18]