Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Fortis Healthcare Ltd. ( (IN:FORTIS) ).
Fortis Healthcare has signed definitive agreements to acquire the 125-bed People Tree Hospital in Yeshwanthpur, Bengaluru, through its wholly owned subsidiary International Hospital Limited by purchasing 100% of TMI Healthcare Private Limited and related real estate assets for a cumulative transaction value of INR 430 crore, including debt. The deal, which is expected to close by the end of January 2026, includes the acquisition of an adjacent 0.8-acre land parcel that will allow Fortis to expand the facility to more than 300 beds, supported by an additional planned investment of about INR 410 crore over the next three years in infrastructure, medical equipment and clinical programs such as radiation oncology; this move strengthens Fortis’s cluster-based expansion strategy in Bengaluru, enhancing its presence from the current 900 beds toward a potential 1,500-plus beds across seven facilities and positioning the company to grow revenues and profitability from the hospital’s existing business base.
More about Fortis Healthcare Ltd.
Fortis Healthcare Limited is one of India’s leading healthcare delivery companies, operating a network of multi-specialty hospitals that provide services in areas such as cardiac sciences, orthopedics, neurosciences, renal sciences and gastroenterology. The company follows a cluster-focused growth strategy in key urban markets, including Bengaluru, where it already runs several facilities and is working to significantly expand its bed capacity over the next few years.
Average Trading Volume: 84,208
Technical Sentiment Signal: Buy
Current Market Cap: 657.4B INR
See more insights into FORTIS stock on TipRanks’ Stock Analysis page.