Manipal Health Enterprises to acquire Kinder Women’s Hospital in Whitefield for ₹130 crore
Manipal Health Enterprises Limited recently announced the acquisition of Kinder Women’s Hospital in Whitefield for ₹130 crore, as revealed in a Business Transfer Agreement signed with Kindorama Healthcare Private Limited. The cash consideration includes the entirety of the hospital's operations and assets, excluding any share purchase.
Commissioned in 2022, Kinder Women’s Hospital initially offered 100 beds of healthcare services. The acquisition aims to bolster Manipal Hospitals' presence in Bengaluru's fast-growing Whitefield micro-market, where the company already operates larger hospitals. This strategic move will enhance the conglomerate's healthcare reach in one of the city's rapidly developing healthcare markets, as per Manipal Health Enterprises managing director & CEO, Dilip Jose.
The transaction is projected to be finalized within 90 days, contingent on necessary legal and regulatory approvals, as well as the fulfillment of conditions outlined in the agreement.
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- Manipal Health to buy 100-bed Kinder Women's Hospital for ₹130 crore business-standard.com
