Manipal Hospitals acquires 100% stake in Vikram Hospital

Manipal Hospitals has entered into a definitive agreement with multiples, a private equity firm, for a 100 per cent acquisition of Bengalurubased Vikram Hospital. The announcement comes close on the heels of its acquisition of the India operations of Columbia Asia Hospitals in April 2021. Manipal Hospitals has been the topranked healthcare provider in Bengaluru for over two decades and this addition is a reiteration of its commitment to meet the healthcare needs of the city and the region. Two greenfield hospitals are currently under construction and once they are completed in the next 24 months, Manipal’s network of 12 hospitals with over 2,300 beds would be best placed to provide ease of access and comprehensive care to everyone across this city. Allegro Capital acted as financial advisors while PwC served as financial and tax diligence advisors and Trilegal as legal advisors for Manipal Hospitals on this deal.