Manipal Health Enterprises Ltd has entered into a business transfer agreement with Kindorama Healthcare Pvt Ltd to acquire the entire operations of Kinder Women’s Hospital and Fertility Centre in Bengaluru for ₹130 crore.
The hospital is located in the Doddanekundi Industrial Area, Bengaluru, Karnataka, and was commissioned in 2022. It currently has a capacity of 100 beds.
Acquisition to expand healthcare operations
Manipal Health said the acquisition is allied to its existing business and is expected to create growth opportunities in line with the company’s strategic direction.
The transaction will enable Manipal Health to take over the entire operations of the facility, strengthening its presence in Bengaluru’s healthcare market.
The acquisition is subject to certain statutory and customary approvals, primarily relating to the change in ownership of Kinder Hospital.
To be completed in 90 days
The transaction is expected to be completed within 90 days of execution of the agreement, subject to fulfilment of the applicable conditions and approvals.
The ₹130-crore transaction marks another expansion step for Manipal Health as it seeks to build on its existing healthcare operations and pursue growth opportunities aligned with its strategic priorities.