sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Mergers and Acquisitions »
 Wipro Consumer Care scouts for acquisitions in developing countries
 Top 5 most interesting mergers and acquisitions of the past year
 Vodafone, Idea merger in process; likely to be completed by May
 Indian auto component makers are hungry for overseas acquisitions
 Nine digital health mergers and acquisitions from the first quarter of 2018
 Deals of the day-Mergers and acquisitions April 2, 2018
  Deals of the day-Mergers and acquisitions March 28, 2018
 Top 7 M&A deals in India: Who joined hands with whom and for how much?
 Manipal Hospitals buys Fortis Healthcare: A look at major mergers and acquisitions in the pharma industry
 Deals of the day-Mergers and acquisitions March 28, 2018
 Merger and acquisition deal volume at 7-year high in 2017 with 1,022 transactions

Merger on the cards?
June, 26th 2009

Over the past few months, the healthcare industry has been buzzing with news of a merger or buyout of one large hospital chain or the other. 

It could be called the southern comfort as two of South India's biggest health care brands, Apollo Hospitals and Manipal Hospitals, plan to collaborate.

Apollo, which has been on the lookout for acquisitions, is in talks with Manipal for a stake.

Suneeta Reddy, executive director of finance at Apollo Hospitals, said, We are looking at acquisitions and Manipal is a good option"

Manipal Hospitals, so far restricted to the region around Mangalore, is open to selling a large stake or being acquired.

Sources at Manipal told NDTV that the hospital chain was closed to the idea of being acquired and that it was a decision that needed to be taken by the company's board and its investors.

For Apollo, Manipal could be a good fit since its profitable and will bring on board synergies for clinical research.

"We have three criteria that we look at in an acquisition. One is price precaution, two is that it has to give ROCE of 20 per cent and third is clinical integration."

Meanwhile, for now, it is clear that Indias healthcare infrastructure is looking for a boost and companies are actively trying mergers and acquisitions to expand and get scale.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions