Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Largest Indian healthcare acquisition sees Fortis strengthen footprint

This article was originally published in Clinica

Executive Summary

Private hospital chain Fortis Healthcare is to complete what it claims is the largest ever acquisition in the Indian healthcare sector by acquiring Wockhardt Hospitals for Rs9.1bn ($180m). The deal will see New Delhi-based Fortis expand its domestic presence by adding ten more private hospitals to its portfolio and strengthening its coverage in Mumbai, Bengaluru and Kolkata. The cost of the transaction includes Rs1.90bn of working capital towards the completion of two of the hospitals, which are not yet complete. According to Fortis, this deal eclipses its previous acquisition of Escorts heart Institute in 2005, which at the time was the most expensive transaction in Indian healthcare history.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

MT044138

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel