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Fortis Healthcare Ltd. ( (IN:FORTIS) ) just unveiled an announcement.
Fortis Healthcare’s wholly owned subsidiary, International Hospital Limited, has signed definitive agreements to acquire TMI Healthcare Private Limited, which primarily comprises hospital operations, along with the underlying hospital land, building and an adjacent land parcel in Bengaluru. The deal, which centers on the People Tree Hospital in Yeshwanthpur (with related facilities to be carved out before closing), aligns with Fortis’s cluster-focused growth strategy and is intended to further consolidate its network and competitive position in the Bengaluru healthcare market, though completion remains subject to customary conditions precedent and closing conditions.
More about Fortis Healthcare Ltd.
Fortis Healthcare Ltd. is a leading Indian healthcare services provider operating a network of hospitals and medical facilities across the country, offering a broad range of clinical specialties and tertiary care services. The company focuses on expanding its presence in key regional clusters to strengthen its market position in high-growth urban healthcare markets such as Bengaluru.
Average Trading Volume: 84,208
Technical Sentiment Signal: Buy
Current Market Cap: 657.4B INR
For detailed information about FORTIS stock, go to TipRanks’ Stock Analysis page.