Manipal Education has since October mulling over the move to acquire the shareholding of University of Antigua (AUA) from New York-based Greater Caribbean Learning Resources.
The deal is being considered as one of the biggest international deals, and opens the demand-driven Caribbean market for medical students from the US mainland.
“We saw a huge potential and strategic value in the acquisition as the Caribbean serves the unmet demand for medical seats in the US. The US is estimated to have 16,800 medical seats, while there are over 60,000 students who clear MCAT annually,” said Mr Anand Sudarshan, MD & CEO, Manipal Education.
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