Manipal Hospitals disclosed definitive agreement with Multiples Private Equity Fund for a 100 per cent acquisition of Bengaluru based Vikram Hospital. The acquisition is Manipal Hospital’s 10th hospital in the city. In April 2021, the south based hospital chain had acquired the India operations of Columbia Asia Hospitals.

Set up in 2009, Vikram Hospital is a 200-bed high end tertiary care facility and is best known for its clinical expertise in the fields of cardiac and neuro sciences.

With this latest addition, Manipal Hospitals now has 27 hospitals spread across 14 cities, more than 7,300 beds and a pool of 4,000 doctors and over 11,000 employees.

The Hospital Group is also scouting to expand its footprint in eastern India and to further enhance its presence in the existing geographies.

Allegro Capital acted as financial advisors while PwC served as financial and tax diligence advisors and Trilegal as legal advisors for Manipal Hospitals on the deal.