Manipal Health Enterprises to acquire Kinder Women’s Hospital in Whitefield for ₹130 crore
Manipal Health Enterprises has signed an agreement to acquire Kinder Women’s Hospital in Whitefield, Bengaluru, for ₹130 crore. The deal aims to consolidate Manipal's healthcare footprint in the region.
Why it matters
This acquisition reflects the ongoing consolidation trend in the Indian private healthcare sector to capture growing urban markets.
Manipal Health Enterprises Limited on Tuesday signed a Business Transfer Agreement (BTA) with Kindorama Healthcare Private Limited for acquiring the entire operations of Kinder Women’s Hospital, located at Doddanekundi in Whitefield.
The acquisition will be undertaken for a cash consideration of ₹130 crore towards the entire business operations and assets of the Kinder hospital. The transaction does not entail acquisition of shares.
The hospital is owned by Kindorama Healthcare Private Limited and operates in the healthcare services sector. Commissioned in 2022, the hospital has a current capacity of 100 beds. The acquisition will further expand Manipal Hospitals established healthcare presence in the Whitefield micro-market, where it already operates larger hospitals, according to the company.
The addition of the Kinder hospital will help consolidate Manipal Hospitals’ position in one of Bengaluru’s fast-growing healthcare markets, while further expanding access to its clinical expertise and capabilities, it said.
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