Manipal Hospitals on Monday said it has acquired an 87% stake in Kolkata-based hospital chain Medica Synergie for an undisclosed amount. The hospital chain has inked a binding agreement to acquire 87% stake in Medica, a statement said.
The acquisition is in line with Manipal Hospitals' strategy of expanding its footprint and presence in Eastern India, it said in a statement.
"With this acquisition Manipal Hospitals builds on its strong presence in Eastern India, enabling us to expand our reach and meet the healthcare needs of this under-served region," Manipal Hospitals MD & CEO Dilip Jose said.
He further said: "We will integrate Medica Synergie into our portfolio and rebrand it."
The addition of Medica has taken the bed count of Manipal Hospitals from over 9,500 to over 10,500.
In September 2023, Manipal Hospitals acquired an 84% stake in Emami Group's AMRI Hospitals Ltd.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
