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Provides a care network through 30 hospitals
February 5, 2024
11:09 am
Abu Dhabi: “The Gulf”
Mubadala Investment Company announced its investment in the Indian company Manipal Health Enterprises (Manipal). Temasek, a global investment firm headquartered in Singapore, will continue to hold a majority stake in Manipal.
Manipal provides high-quality healthcare services at affordable prices through a multi-specialty care network that currently serves about 6 million patients a year through more than 30 hospitals across India. Manipal is the second largest hospital chain in India in terms of the number of beds, and it employs more than 5,000 doctors.
Growth march
In this regard, Camilla Macapelli Langwili, Head of Life Sciences at Mubadala, said: “Manipal is one of the leading healthcare networks in India, distinguished by its commitment to clinical excellence, standards of corporate governance and superior patient care. We look forward to supporting Manipal in its growth journey over the coming years, to benefit from the increasing growth in demand for high-quality medical care services throughout India.”
Luca Molinari, Head of Direct Investments in Asia at Mubadala, said: “We are pleased to work with distinguished partners such as Temasek, TPG, Dr. Ranjan Pai and the executive team at Manipal to develop our business in the next phase of its growth journey.” He added: » Manipal plays a pivotal role in developing healthcare infrastructure in India and we are happy to collaborate with them.
It is noteworthy that Manipal was founded in 1991 by Dr. Ranjan Pai, and its beginnings were in the city of Bangalore, before its activity quickly expanded to cover all parts of the country.
2024-02-05 07:09:51
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