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Novo Holdings invests in Manipal Hospitals, a leading private hospital chain in India | ||
By: PR Newswire Association LLC. - 06 Feb 2024 | Back to overview list |
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COPENHAGEN, Denmark and SINGAPORE, Feb. 6, 2024 /PRNewswire/ -- Novo Holdings today announced its investment in Manipal Hospitals ('Manipal'), which constitutes Novo Holding's largest investment in Asia to date. Manipal Hospitals is among the top healthcare providers in India, providing comprehensive curative and preventive care for a multitude of patients within India and from around the globe. Established in 1991 with the launch of its flagship hospital in Bangalore, Manipal has become one of the pre-eminent private hospital chains in India. The network currently comprises 33 hospitals across the country with a bed capacity of 9,500+, serving an annual footfall of approximately 6 million patients. A rising middle class, paired with an increased appreciation for advanced medical facilities and quality healthcare services, has driven an uptick in demand for private hospital care in the country. Other factors include the expansion of health insurance coverage and the sophistication of medical technology adopted at private institutions. Navjeewan J. Khosla, Partner, Novo Holdings Asia Investments, added About Manipal Hospitals About Novo Holdings A/S Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novozymes A/S and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2022, Novo Holdings had total assets of EUR 108 billion. About the Novo Nordisk Foundation View original content:https://www.prnewswire.co.uk/news-releases/novo-holdings-invests-in-manipal-hospitals-a-leading-private-hospital-chain-in-india-302053352.html |
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