Manipal Hospitals acquires 87% stake in Medica Synergie for Rs 1,400 crore, expanding presence in eastern India.
India's second-largest hospital chain, Manipal Hospitals, has announced the acquisition of an 87% stake in Kolkata-based hospital chain Medica Synergie. This deal, worth an estimated Rs 1,400 crore, aims to expand Manipal Hospitals' presence in eastern India and position it as the region's leading healthcare provider. The addition of Medica Synergie increases Manipal Hospitals' bed count from 9,500 to over 10,500.
April 29, 2024
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