Manipal Hospitals completed the acquisition of Columbia Asia from Mitsui for $281m.

Manipal Hospitals, a business of owning, running, managing and advising hospitals, healthcare centres or clinics, completed the acquisition of Columbia Asia, an international private healthcare company. The transfer of ownership to Manipal Hospitals is expected to be completed post regulatory approvals, from Mitsui, a general trading company, for $281m. “Columbia Asia makes a compelling strategic fit to our core values of clinical excellence, patient centricity and ethical practices, and will help us advance our commitment to provide outstanding patient care. This is the start of an exceptional journey for us and together with Columbia Asia, we are now bigger, stronger and uniquely positioned to meet the growing expectations of the communities we serve across the country,” Ranjan Pai, Chairman, Manipal Education and Medical Group.