Manipal Group Acquires AMRI Hospitals, Enters Bhubaneswar Health Sector
Bhubaneswar: Manipal Hospitals, the second-largest hospital chain in India, has announced its acquisition of 84% stake in AMRI Hospitals Ltd in its bid to expand its presence in eastern India.
AMRI Hospitals runs four super-speciality hospitals — three in Kolkata (West Bengal) and one in Bhubaneswar (Odisha).
Commenting on the transaction, Dr. Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG), said, “Manipal Hospitals always had patrons from Eastern India and countries in the region like Bangladesh. This acquisition is in sync with our objective to further strengthen our presence and serve the patients in Eastern India – an underserved area when it comes to healthcare. We are delighted to welcome AMRI Hospitals into the Manipal family.”
“With this addition, Manipal Hospitals would now serve patients in its 17th city in India in Bhubaneswar. As a healthcare provider, AMRI has made a mark in the sector with its excellence in healthcare delivery and is a great asset that synergizes well with our core values of clinical excellence, patient centricity, and ethical practices and will help us provide enhanced exceptional quality care.”
Aditya Agarwal & Manish Goenka, Directors, Emami Group said although they have divested a majority stake in AMRI Hospitals, Emami would continue as an investor with 15% stake with the government of West Bengal holding a 1% stake in the firm.