Acquisition includes new 200-bed tertiary care hospital under construction in nearby location

Manipal Health Enterprises, the healthcare arm of the Manipal Education and Medical Group, has acquired a 70-bed hospital in Klang, Selangor District of Malaysia. This acquisition by Manipal Hospitals also includes a new 200 bed tertiary care hospital which is presently under construction in a nearby location, which will be commissioned by last quarter of the Financial Year 2014-15, said a company statement.  The hospital, was set up by Dr Poraviappan Arunasalam, an obstetrics and gynaecology  consultant in Klang about 14 years ago.

According to a statement, the hospital will focus on a combination of wellness, prevention and curative care levels – for both the domestic and an emerging overseas patient traffic into Malaysia from neighboring countries.

Swaminathan Dandapani — Executive Chairman of Manipal Health Enterprises, said,  “This acquisition is a part of the company’s strategy to expand its footprint in India and in countries of West Asia, Africa and Asia Pacific. In the near term, significant capacities will be created to add on to the present group capacity of 15 hospitals and 5,000 beds.

The Manipal group has already two campuses in Malaysia — a Medical school at Melaka since 2001 and a newly formed (in 2012) Malaysia International University at Nilai, Kuala Lumpur.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / by BS Reporter / Mumbai – August 08th, 2013