Manipal Health Acquires Mumbai Hospital for ₹495 Crore, Expanding Regional Footprint
By ETF Desk
Karnataka’s private healthcare sector is witnessing a surge in real estate deals as Manipal Health, the corporate arm of L.P. Swamy’s Manipal Group, announced its purchase of a 1.6‑million‑square‑foot hospital in Mumbai for ₹495 crore.
The acquisition involves a facility located in Bandra, previously operated under a joint venture with a local private operator and IMC Health Ltd. By integrating the hospital into its network of tertiary care centres, Manipal Health seeks to consolidate its footprint across the state, enhancing service reach and leveraging its robust clinical and teaching infrastructure.
With the new acquisition, the group plans to deliver value‑based care and extend its nursing and allied health educational programs. The deal also reinforces Udupi district’s growing reputation as a healthcare investment hub, creating jobs and contributing to local economic development. Source: Google News – Manipal.