India: Manipal Health acquires Columbia Asia hospitals

Columbia Asia Hospital , Whitefield, Bangalore

As expected, hospital operator Manipal Health is to acquire the Indian operations of Columbia Asia for US$282m. Formerly part of US entrepreneur Daniel Baty’s Columbia Pacific Group, the company’s while hospital business in Asia was put up for sale last year. Malaysian conglomerate Hong Leong Group and private equity firm TPG won the race to…

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