CCI clears acquisition of Columbia Asia Hospitals by Manipal Health Enterprises


PTI, Jan 9, 2021, 10:48 AM IST

New Delhi: The Competition Commission of India (CCI) on Friday approved acquisition of Columbia Asia Hospitals by Manipal Health Enterprises.

The approval came after multispecialty healthcare provider Manipal Hospitals in November 2020 said it has entered into a definitive agreement to acquire Columbia Asia Hospitals in India.

The acquisition will be for Rs 2,100 crore, sources had earlier said.

Together, the combined entity will have a presence of 27 hospitals across 15 cities with over 7,300 beds and a pool of more than 4,000 doctors and over 10,000 employees, the healthcare providers had said in a statement.

The acquisition offers a geographical and cultural fit and provides Manipal Hospitals a larger national footprint, a combination notice filed with the regulator said.

The strong clinical expertise and breadth of services of Manipal Health Enterprises complemented by the strengths of Columbia Asia Hospitals in clinical and service quality, will ensure that the combined entity would improve access to healthcare in the country, the statement said.

The merger will also help address the growing demand and expectations for high-quality tertiary and quaternary healthcare in the country, it added.

In a tweet, the regulator said the “Commission approves acquisition of 100 per cent shareholding of the Columbia Asia Hospitals by Manipal Health Enterprises”.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka HC denies anticipatory bail to Prajwal Revanna in sexual harassment case

Delhi court stays defamation case against CM Atishi

Awards don’t create value for independent films in India: Manoj Bajpayee

Public Alert: Cyber fraudsters impersonating traffic police to demand fines

UP: 25 people booked for attacking civic officials for encroachment removal

SC transfers cheating case against choreographer Remo D’Souza to Delhi court

Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing

Related Articles More

Musk says X now top news app on App Store in India

Air India to offer integrated aircraft maintenance engineering programme

Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points

Baku climate talks: The ‘X’ factor that could determine future of Global South

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Karnataka HC denies anticipatory bail to Prajwal Revanna in sexual harassment case

Musk says X now top news app on App Store in India

Delhi court stays defamation case against CM Atishi

Sambhal Jama Masjid row: Friday prayers held peacefully amid tight security

Honouring ex-NASA scientist’s last wish, family donates ancestral house to Meerut varsity

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.