• Manipal Hospitals acquired an 87% stake in Kolkata-based hospital chain Medica Synergie for the deal valued at around Rs. 1400 Crores.
  • This acquisition also aligns with Manipal Hospitals’ strategy of expanding its footprint and presence in Eastern India, including Kolkata, Siliguri, and Ranchi.

About Manipal Hospitals:

  • Manipal Hospitals is one of India’s foremost multi-speciality healthcare providers catering to both Indian and international patients. With a group of 33 hospitals spread over 17 cities, they are the second-largest hospital chain in India.
  • Manipal Hospitals has a talented pool of over 5600 doctors, along with an employee strength exceeding 18,600, and striving to its commitment of clinical excellence, patient-centric care and ethical practices.

About Medica Synergie Private Limited:

  • Medica Synergie Private Limited was established in the year 2006 and is one of the leading healthcare chains in eastern India today, based out of Kolkata.
  • It has built and managed 11 multispecialty and super-specialty healthcare facilities across the region of West Bengal to Jharkhand, Bihar, Odisha and Assam over the past few years for the number of more than 1000 beds.


  • The addition of Medica will push the current hospital bed count of Manipal from over 9,500 to more than 10,500. This will make it India’s largest hospital chain, overtaking Apollo Hospital Enterprise in terms of total bed capacity.
  • With this acquisition, Manipal Hospitals builds on its strong presence in Eastern India, enabling them to expand the reach and meet the healthcare needs of this under-served region by integrating Medica Synergie into their portfolio and rebranding it.
  • With the completion of acquisition of Medica Synergie & IMRI Hospitals, the integrated network will have pan India footprint of 37 hospitals spanning across 19 cities in 14 states. 
  • By leveraging the clinical expertise and infrastructure of Medica Synergie, along with the combined operations of its extensive network, Manipal Hospitals will be well-positioned to meet the increasing demand for high-quality tertiary and quaternary healthcare services in Eastern India.
  • Manipal Hospitals acquired 5 hospital chains namely, AMRI Hospitals, Columbia Asia, Medanta-The Medicity, Ankur Hospitals and has spent more than Rs. 9000 Crores on its acquisitions.
  • Singapore-based investment firm Temasek holds 51% stake in Manipal Health after selling the 8% stake to other insititutional investors in less than a year after acquiring the major share of 59% in a big deal. (We had covered this here :
  • Manipal Hospitals reported a 14% yoy improvement in the average revenue per occupied bed (ARPOB) at Rs. 58,810 the consolidated level for FY 23.


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