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regular-article-logo Monday, 24 June 2024

Manipal Health to sell its Malaysian hospital to Ramsay Sime Darby Healthcare

Financial details of the agreement were not disclosed

PTI Mumbai Published 10.04.21, 01:48 AM
Set up in 2016, the 220-bed Manipal Hospitals, Klang, is a high-end tertiary care hospital accredited by the Malaysian society for quality in health.

Set up in 2016, the 220-bed Manipal Hospitals, Klang, is a high-end tertiary care hospital accredited by the Malaysian society for quality in health. Shutterstock

Manipal Health Enterprises on Friday said it will divest its Malaysian business to Ramsay Sime Darby Healthcare.

The company, however, did not disclose the value of the deal.

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Set up in 2016, the 220-bed Manipal Hospitals, Klang, is a high-end tertiary care hospital accredited by the Malaysian society for quality in health. The facility offers over 30 specialty services, including Klang’s only trauma centre, Dilip Jose, managing director and chief executive of Manipal Hospitals, said.

The divestment comes at a time Manipal Hospitals gears up for a smooth integration of Columbia Asia Hospitals India, an acquisition that is nearing completion.

The Bangalore-based Manipal Hospitals is among the top five healthcare providers in the country serving over 3 million patients annually, offering affordable, quality healthcare in multispecialty and tertiary care along with homecare. With 10 tertiary/quaternary care facilities and four secondary care hospitals, Manipal Hospitals operates and manages about 6,000 beds across 14 hospitals.

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