Fortis Healthcare to acquire Bengaluru's People Tree Hospital for 4.3 billion rupees
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Fortis Healthcare will acquire People Tree Hospital in Bengaluru for 4.3 billion rupees, enhancing its presence in South India. The acquisition will be executed by its subsidiary, International Hospital, through a 100% acquisition of TMI Healthcare. Fortis plans an additional investment of 4.1 billion rupees over three years into the facility, aiming to strengthen operations and profitability. Fortis, partly owned by Malaysia’s IHH Healthcare, operates 33 facilities across India and plans further expansion with a 7 billion rupee investment over four years.
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