Manipal Health Enterprises, the healthcare arm of the Manipal Education and Medical Group, has acquired a 70-bed hospital in Klang, Selangor District of Malaysia, for an undisclosed amount.
"This acquisition by Manipal Hospitals also includes a new 200 bed tertiary care hospital which is presently under construction in a nearby location, which will be commissioned by last quarter of the financial year 2014-15," Manipal Health Enterprises (MHE) said in a statement.
The hospital will focus on a combination of wellness, prevention and curative care for both the domestic and an emerging overseas patient traffic into Malaysia from neighbouring countries, it added.
"This acquisition is a part of the company's evolving strategy to expand its footprint in India and in identified countries of Middle East, Africa and Asia Pacific," MHE Executive Chairman Swaminathan Dandapani said.
The Manipal group has already two campuses in Malaysia- a Medical school at Melaka since 2001 and a newly formed (in 2012) Malaysia International University at Nilai, Kuala Lumpur.
MHE manages 5,000 beds across 15 hospitals in over 11 locations in India.