Manipal Hospitals is one of the largest providers of healthcare services in India with a strong presence across South India. It is promoted by the Manipal Group, a highly-respected business group in South India focused on the healthcare services and education sectors.
The company is an established and trusted regional brand in the healthcare industry and is well known for providing high quality healthcare services and following ethical practices. Currently it manages 11 hospitals and 7 secondary/tertiary care facilities having about 1,300 beds across Karnataka, Andhra Pradesh, and Tamil Nadu. The company also runs 7 primary care clinics spread across South India.
True North partnered with Manipal Hospitals in 2013 to support the company’s expansion to other key cities in India and South East Asia with a drive to become a dominant player in the healthcare industry.
The investment decision was based on plans that the Healthcare Services industry in India could grow at over 12% per annum over the next five years; given that the current healthcare infrastructure in the country is inadequate to meet present and future demand for such services. Healthcare spending will be amongst the top 3 consumption categories in terms of growth and quantum of spend over the next 15 years.
The True North team will leverage its healthcare sector experience to support the company actively in strategic decision making, driving inorganic growth opportunities, and operational efficiency improvements.
Founder :- Dr Ranjan Pai
Managing Director and CEO :- Dr. Ajay Bakshi