Manipal to acquire Columbia Asia’s India operations
Manipal Hospitals in November said that it has entered ...
Sharing his views on the transaction, Dan Baty, Chairman, Columbia Pacific Management said:” This combination of Columbia Asia and Manipal Hospitals is very exciting because of the strong cultural alignment between the two companies - and the opportunity it provides for continued growth.” The acquisition of Columbia Asia offers a remarkable geographical and cultural fit, and provides Manipal Hospitals a larger national footprint, the statement said. Columbia Asia is managed by Seattle-based Columbia Pacific Management, Inc. Columbia Pacific has developed overseas healthcare businesses in India, China, South East Asia and Africa.
In January 2020, Columbia Pacific announced the sale of the Columbia Asia hospitals in Malaysia, Vietnam and Indonesia to a joint venture between Hong Leong and TPG. The company began operations in India in 2005 and currently operates 11 corporate hospitals and a tele-radiology business.