Mubadala-Backed Manipal Hospitals Targets $1bn Nasdaq Listing

Mubadala Investment Company, the UAE’s sovereign wealth fund, is preparing to launch a US-based listing for Manipal Hospitals, a leading health‑care chain headquartered in Manipal, Udupi district.

With a valuation of roughly $1bn, the move is aimed at raising capital to fuel expansion across India’s medical tourism sector, while reinforcing Manipal’s reputation as a world‑class service provider.

The listing is expected to bring new investment into the Udupi district, creating jobs and tech‑enabled medical services. Source: Google News – Manipal.