The Bengaluru-based Manipal Health Enterprises Private Ltd, also known as Manipal Hospitals, is India’s second biggest hospital network, with 33 facilities and more than 9,500 beds and 6,000 doctors. Every year, Manipal Hospitals serves more than five million patients.
Last year, Singapore’s sovereign wealth fund Temasek Holdings bought a majority stake in Manipal Hospitals for $2 billion. Manipal is now on expansion mode. Under managing director and CEO Dilip Jose, it has completed the acquisition of Kolkata-based AMRI Hospitals, and is exploring greenfield and brownfield opportunities. Jose has more than 32 years of experience across sectors, including 18 in leadership positions in health care. Before joining Manipal, he was the group CEO of CARE Hospitals, managing a network of tertiary care facilities.
In an exclusive interview, Jose speaks about his expansion plans and the current strategy with Temasek controlling the majority stake.
Q/ How have been things post Temasek acquiring a majority stake?
A/ Temasek has been an investor in Manipal Hospitals for over six years. They raised their stake from 18 per cent to 59 per cent. Dr Ranjan Pai now holds 30 per cent.
From our perspective, it is the same set of investors. There is continuity, because all investors are familiar with the company and the health care sector in India. There is continuity in management and governance.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
