Manipal Hospitals, the second-largest hospital chain in India, today, announced its acquisition of 84% stake in AMRI Hospitals Ltd. The acquisition fits into the growth strategy of Manipal Hospitals to have a larger footprint and expanded presence in Eastern India as the largest hospital chain in that region.
Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group said, “Manipal Hospitals always had patrons from Eastern India and countries in the region like Bangladesh. This acquisition is in sync with our objective to further strengthen our presence and serve the patients in Eastern India – an underserved area when it comes to healthcare. We are delighted to welcome AMRI Hospitals into the Manipal family. With this addition, Manipal Hospitals would now serve patients in its 17th city in India in Bhubaneswar (Odisha).
Mr. Aditya Agarwal & Mr. Manish Goenka, Directors, Emami Group said, “In an endeavour to focus on our core businesses, we have divested our majority stake in AMRI Hospitals, which is a significant step in Emami Group’s stated objective.
AMRI has been very close to our heart, and we feel privileged to have served the people with one of the best healthcare services in India. We have never viewed it as a business entity but a way of giving back to the society. Every employee of AMRI Hospitals and the doctors associated with it over the years have been an asset to us not only in terms of running the hospital but serving the common people with great empathy, dedication and care.The hospital chain has operations in Dhakuria, Mukundapur & Salt Lake (all in Kolkata) and another at Bhubaneswar, Odisha comprising of more than 1,200 beds, over 800 doctors, and 5,000-plus healthcare professionals. Together, the combined entity will have 33 hospitals across 17 cities with 9,500 beds, and a talent pool of over 5,000 doctors and 20,000 employees.
The advisors for Manipal Health Enterprise Pvt. Ltd. in this initiative were Allegro Capital Advisors.
