Manipal Hospitals announced that they have entered into a definitive agreement with Multiples Private Equity Fund for a 100% acquisition of Bengaluru-based multi-specialty hospital, Vikram Hospital, making this its 10^th hospital in the city.

Set up in 2009, Vikram Hospital is a 200 bedded high-end tertiary care facility located in the central business district and is best known for its clinical expertise in the fields of Cardiac and Neuro Sciences.

With this latest addition, Manipal Hospitals now has 27 hospitals spread across 14 cities, more than 7,300 beds, and a talented pool of 4,000 doctors and over 11,000 employees. The Hospital Group is also scouting to expand its footprint in eastern India and to further enhance its presence in the existing geographies.

Allegro Capital acted as financial advisors while PwC served as financial and tax diligence advisors and Trilegal as legal advisors for Manipal Hospitals on this deal.