Manipal Health Enterprises plans to add 12-14 hospitals to its network in five years

Singapore's Temasek-owned Manipal Health Enterprises plans to add 12 to 14 hospitals with approximately 4,000 beds to its network in the next five years, says company MD and CEO Dilip Jose. Plans for the expansion include both acquisitions and greenfield development and the hospitals will be built primarily in locations in which Manipal has already established a presence. With backers and investors, funding is unlikely to be an issue for the company, according to Jose. Last week Manipal Health was valued at about INR400bn ($5.72bn) following a majority stake purchase by Temasek.

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