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| Company type | Private |
|---|---|
| Industry | Healthcare |
| Founded | 1953; 72 years ago (1953) |
| Founder | T. M. A. Pai |
| Headquarters | Bangalore,Karnataka, India |
Number of locations | 33 (2022) |
Key people |
|
| Products | Hospitals,Pharmacy,Diagnostic centres |
| Revenue |  ₹4,806 crore (US$560 million) (FY23)[2] |
| ₹1,279 crore (US$150 million) (FY23)[2] | |
| Owner |
|
| Divisions | AMRI Hospitals Medica Hospitals |
| Website | www |
Manipal Health Enterprises,[5] commonly known asManipal Hospitals,[6] is an Indianfor-profitprivatehospital network headquartered inBangalore,Karnataka. The hospitals trace their origins to theKasturba Medical College, founded byT. M. A. Pai in 1953.[7] Manipal Hospitals is the second largest healthcare provider in India,[8] with anetwork of 33 hospitals.[1] Manipal Hospitals is part of the Manipal Education and Medical Group.[9]
In 1953,T. M. A. Pai foundedKasturba Medical College in coastal Karnataka. The college operated as a public-private partnership utilizing the government hospitals inMangalore. Dr. Pai was an Indiandoctor,educationist, andphilanthropist who was awarded thePadma Shri by the Government of India in 1972.[10]
The first branch of Manipal Hospitals was established inBangalore in 1991. This branch is a 600-bedquaternary care facility that houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore, was established. This 251-bed tertiary care hospital namedKMC Hospital, a teaching hospital for Kasturba Medical College, Mangalore.[11]
In April 2021, Manipal Hospitals announced the sale of its only hospital outside India,Manipal Hospital Klang in Malaysia, toRamsay Sime Darby Health Care for₹700 crore (US$94.47 million).[12]
In 2021, Manipal Hospitals acquiredColumbia Asia's 11 hospitals in India for₹2,100 crore.[13][14] All Columbia Asia hospitals were laterrebranded as Manipal Hospitals.[15] In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for₹350 crore.[16]
In 2022, Manipal Hospitals group company ManipalHealthMap acquired a majority stake in diagnostics company Medcis PathLabs.[17]
In 2023,Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about₹16,000 crore (US$1.9 billion), increasing its shareholding to 59% and becoming thecontrolling stakeholder in the hospital chain. The acquisition valued the hospital chain at around₹40,000 crore (US$4.7 billion).[18]
In 2023, Manipal Hospitals acquired an 84% controlling stake inAMRI Hospitals for₹2,300 crore (US$270 million).[19]
In April 2024, Manipal Hospitals acquired 87% stake inMedica Synergie Hospitals with ₹1,400 crores investment.[20][21]
In December 2024,SOGF partners withEaseMyTrip and Manipal Hospitals for its Grandmasters Series.[22]
