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Pai in a One-Horse Race to Buy Columbia Asia Hospitals

Fortune India

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15th March- The Next 500

The billionaire looks set to break the jinx in his bid to buy a hospital chain to improve his Manipal Hospitals’ pan-India presence.

- ANSHUL DHAMIJA

Pai in a One-Horse Race to Buy Columbia Asia Hospitals

THERE IS A HIGH LIKELIHOOD of Ranjan Pai, chairman of the Manipal Educa-tion and Medical Group (MEMG), breaking the jinx in his attempts to acquire a hospital chain in India. The billionaire is looking to buy Columbia Asia Hospitals, owned by Seattle-based healthcare provider Columbia Pacific Management. The deal is pegged at about ₹2,000 crore.

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