Manipal Health Enterprises signed a business transfer agreement on 17 August to acquire the entire operations and assets of Kinder Women's Hospital and Fertility Centre in Bengaluru from Kindorama Healthcare for INR 130 crore in cash.
Why Manipal Health Enterprises Limited is buying Kinder Women's Hospital and Fertility Centre, Bengaluru (business of Kindorama Healthcare)
Manipal said the acquisition is allied to its existing business and is expected to create growth opportunities in line with its strategy, strengthening its position in the Whitefield micro-market of Bengaluru.
Deal terms and financing
The deal is an asset acquisition for cash and does not involve the purchase of shares. It is not a related-party transaction.
Regulatory approvals and timing
Completion is subject to statutory and customary approvals, primarily relating to the change in ownership of the hospital, and was expected within 90 days of signing.
Market context
Kinder Women's Hospital, in the Doddanekundi Industrial Area, was commissioned in 2022 with 100 beds and generated revenue of INR 20.75 crore in the year to 31 March 2026.
