CCI approves acquisition shares of Columbia Asia Hospitals by Manipal Health Enterprises

Manipal Health Enterprises Private Limited (Acquirer/MHEPL) is a part of Manipal Educational and Medical Group, operating a network of hospitals, providing multi-speciality care.

The Competition Commission of India (CCI) approves acquisition of 100% shareholding of the Columbia Asia Hospitals Private Limited by Manipal Health Enterprises Private Limited.

Manipal Health Enterprises Private Limited (Acquirer/MHEPL) is a part of Manipal Educational and Medical Group, operating a network of hospitals, providing multi-speciality care. Its focus is to develop an affordable, high-quality healthcare framework through its multi-speciality and tertiary care delivery spectrum and further extend it to homecare. MHEPL is not engaged in any business activity outside India, except in Malaysia.

Columbia Asia Hospitals Private Limited (Target/CAHPL) is a private healthcare company providing high quality, affordable, accessible health care and began its operations in India in 2005. CAHPL operates a chain of eleven multi-speciality hospitals and one teleradiology business. CAHPL is not engaged in any business activities outside India. However, it is a part of International Columbia US LLC, an international healthcare group, which operates a chain of modern hospitals across India, China and Africa.

(With Inputs from PIB)