Fresh from Singapore’s sovereign wealth fund Temasek acquiring a majority stake in it, Manipal Health Enterprises plans to add another 12-14 hospitals with around 4,000 beds to its network in the next five years, according to the company’s managing director & CEO Dilip Jose.

The company is looking at both greenfield hospitals and acquisitions for its expansion, he said but did not disclose the investments lined up for the purpose.

“We have now 29 hospitals and 8,300 beds. We expect in the next five years 4,000 beds more to get added and that could be from about 12 to 14 hospitals,” Jose told PTI.

When asked about investments for the expansion, he said the company does not normally divulge it.

“We are happy with our funding ability. We will not have an issue funding it, we are comfortable with our balance sheet...,” he asserted.

Jose said: “We are currently building three greenfields — two more in Bangalore under construction and one greenfield in Raipur is under construction, and we are pursuing two acquisitions. So our next five-year trajectory is a mix of greenfield and acquisitions.”