Manipal Health Enterprises, commonly known as Manipal Hospitals, is an Indian

for-profit Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessari ...

private hospital network headquartered in

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...

. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953. Manipal Hospitals is the second largest healthcare provider in India, with a network of 33 hospitals. Manipal Hospitals is part of the Manipal Education and Medical Group.

History

In 1953, T. M. A. Pai founded Kasturba Medical College in coastal Karnataka. The college operated as a public-private partnership utilizing the government hospitals in

Mangalore Mangaluru (), formerly called Mangalore ( ), is a major industrial port city in the Indian state of Karnataka and on the west coast of India. It is located between the Laccadive Sea and the Western Ghats about west of Bengaluru, the st ...

. Dr. Pai was an Indian doctor, educationist, and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

who was awarded the

Padma Shri The Padma Shri (IAST: ''padma śrī'', lit. 'Lotus Honour'), also spelled Padma Shree, is the fourth-highest Indian honours system, civilian award of the Republic of India, after the Bharat Ratna, the Padma Vibhushan and the Padma Bhushan. In ...

by the Government of India in 1972. The first branch of Manipal Hospitals was established in

in 1991. This branch is a 600-bed quaternary care facility that houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore, was established. This 251-bed tertiary care hospital named KMC Hospital, a teaching hospital for Kasturba Medical College, Mangalore. In April 2021, Manipal Hospitals announced the sale of its only hospital outside India, Manipal Hospital Klang in Malaysia, to Ramsay Sime Darby Health Care for . In 2021, Manipal Hospitals acquired Columbia Asia's 11 hospitals in India for 2,100 crore. All Columbia Asia hospitals were later

rebranded Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...

as Manipal Hospitals. In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for 350 crore. In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs. In 2023,

Temasek Holdings Temasek Holdings (Private) Limited ( ) is a Singaporean State ownership, state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard ...

-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about , increasing its shareholding to 59% and becoming the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around . In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for . In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals with ₹1,400 crores investment.

Gallery

File:KMC Hospital near Jyothi circle in Mangalore - 1.jpg, KMC Hospital, Mangalore File:World Trade Center, Orion Mall, Bangalore..jpg, Manipal Hospital beside World Trade Center Bangalore File:Columbia Asia Hospital, Mysore.jpg, Manipal Hospital, Mysore

References

External links

* {{official, https://www.manipalhospitals.com/ Manipal Education and Medical Group Hospital networks in India 1953 establishments in India Hospitals established in 1953 Companies based in Bengaluru

History

Gallery

See also

References

External links