reported that the Bengaluru-based firm, with Temasek holding a majority stake of 51%, is in talks to acquire a hospital chain in Eastern India, according to Manipal’s CEO, Dilip Jose.A report from MoneyControl, suggests that Manipal might be closing in on Kolkata-based Medica Synergie, a move that could add 1,200 beds to its network.
If the deal materialises, Manipal’s current 9,500-bed capacity would surpass Apollo’s 10,103 beds, reflecting the intense competition within India’s healthcare landscape. While Manipal pursues expansion, Apollo Hospitals also continues to grow, with plans to add over 2,000 beds in the next four years at a cost of 30 billion rupeesManipal, on the other hand, is actively scouting opportunities not only in smaller Indian towns but also in Hyderabad and Mumbai.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.