Manipal Health Enterprises is in advanced discussions to acquire the Indian operations of Columbia Asia hospital chain. In another development, Mahindra Holidays & Resorts has acquired a minority stake in Great Rocksport.
Manipal Health eyes operations of Columbia Asia
Manipal Health Enterprises is in advanced discussions to acquire the Indian operations of the Columbia Asia hospital chain from its US-based owner Columbia Pacific Management for about Rs1,600 crore ($219 million), The Economic Times reported.
Columbia Pacific Management is looking to fully exit the hospital chain in India, the report said adding that an announcement on the same is expected soon.
If the talks fructify, Columbia Asia will be rebranded Manipal Hospitals. It is also then likely become the second-largest hospital chain in India with 26 hospitals and nearly 7,000 beds, behind Apollo Hospitals.
Mahindra Holidays buys Rocksport stake
Financial deals of the deal were not disclosed.
“Our strategic investment in Rocksport will help enhance outdoor experience offerings at our resorts. Our members and their families will also have access to specially curated Rocksport programmes in the cities,” MHRIL MD & CEO Kavinder Singh said.