Health

Columbia Asia Hospital sale-got final nod from CCI

Columbia Asia Hospital sale-got final nod from CCI

Kanwar Inder Singh/ royalpatiala.in

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-specialty care. Its focus is to develop an affordable, high quality healthcare framework through its multi-specialty 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 Hospital sale-got final nod from CCI-photo courtesy-internet

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-specialty hospitals and one tele radiology 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.

The approval came after multispecialty healthcare provider Manipal Hospitals in November 2020 said it has entered into a definitive agreement to acquire Columbia Asia Hospitals in India. The acquisition will be for Rs 2,100 crore, sources had earlier said.

January 9,2021

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