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
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.