Manipal Health Enterprises,^[5] commonly known as Manipal Hospitals,^[6] is an Indian for-profit private hospital network headquartered in Bangalore, Karnataka. The hospitals trace their origins to the Kasturba Medical College, founded by T. M. A. Pai in 1953.^[7] Manipal Hospitals is the second largest healthcare provider in India,^[8] with a network of 33 hospitals.^[1] Manipal Hospitals is part of the Manipal Education and Medical Group.^[9]

History

In 1953, T. M. A. Pai founded Kasturba Medical College in coastal Karnataka. The college operated as a public-private partnership utilizing the government hospitals in Mangalore. Dr. Pai was an Indian doctor, educationist, and philanthropist who was awarded the Padma Shri by the Government of India in 1972.^[10]

The first branch of Manipal Hospitals was established in Bangalore in 1991. This branch is a 600-bed quaternary care facility that houses over 60 specialties. In 1997, Manipal Hospitals, Mangalore, was established. This 251-bed tertiary care hospital named KMC Hospital, a teaching hospital for Kasturba Medical College, Mangalore.^[11]

In April 2021, Manipal Hospitals announced the sale of its only hospital outside India, Manipal Hospital Klang in Malaysia, to Ramsay Sime Darby Health Care for ₹700 crore (US$94.47 million).^[12]

In 2021, Manipal Hospitals acquired Columbia Asia's 11 hospitals in India for ₹2,100 crore.^[13]^[14] All Columbia Asia hospitals were later rebranded as Manipal Hospitals.^[15] In 2021, Manipal Hospitals acquired Vikram Hospital in Bangalore for ₹350 crore.^[16]

In 2022, Manipal Hospitals group company Manipal HealthMap acquired a majority stake in diagnostics company Medcis PathLabs.^[17]

In 2023, Temasek Holdings-backed Sheares Healthcare India acquired a 41% stake in Manipal Hospitals for about ₹16,000 crore (US$1.9 billion), increasing its shareholding to 59% and becoming the controlling stakeholder in the hospital chain. The acquisition valued the hospital chain at around ₹40,000 crore (US$4.7 billion).^[18]

In 2023, Manipal Hospitals acquired an 84% controlling stake in AMRI Hospitals for ₹2,300 crore (US$270 million).^[19]

In April 2024, Manipal Hospitals acquired 87% stake in Medica Synergie Hospitals for ₹1,400 crore.^[20]^[21]

In July 2025, Manipal Health acquired a majority stake in Sahyadri Hospitals from Canada's Ontario Teachers' Pension Plan for ₹6,400 crore (approximately US$775 million).^[22]^[23]

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