Manipal buys out 100% stake in Vikram HospitalJuly 9, 2021
Manipal Hospitals has entered into a definitive agreement with Multiples Private Equity Fund for the acquisition of Bengaluru-based multi-specialty hospital, Vikram Hospital.
Manipal Hospitals did not disclose the deal size.
Set up in 2009, Vikram Hospital is a 200-bedded tertiary care facility located in the central business district and is best known for its clinical expertise in the fields of cardiac and neuro sciences.
With this latest addition, Manipal Hospitals now has 27 hospitals spread across 14 cities, more than 7,300 beds and a pool of 4,000 doctors and over 11,000 employees. The hospital group is also scouting to expand its footprint in eastern India and to further enhance its presence in the existing geographies.
Manipal had acquired the India operations of Columbia Asia Hospitals in April 2021.
Allegro Capital acted as financial advisors while PwC served as financial and tax diligence advisors and Trilegal as legal advisors for Manipal Hospitals on this deal.