acquisition deal
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Franchise India Bureau Jul 18 2018 - 3 min readMalaysian group IHH Healthcare Berhad’s Rs 40 billion acquisition of Fortis Healthcare is expected to result in improved cash flow, better operating profit margins and new business opportunity for the Indian hospital chain. Fortis, which has been under the regulatory scanner on charges of fund diversion, has seen its losses widen due to provisioning and ...
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Franchise India Bureau Jul 13 2018 - 2 min readThe board of Fortis Healthcare Ltd has accepted a proposal from Malaysia’s IHH Healthcare Berhad to invest Rs 4,000 crore in the Indian hospital chain after a months-long bidding war. The proposed investment offers a “comprehensive equity solution” that addresses the company’s liquidity requirements and meets obligations towards the acquisition of Singapore’s RHT Trust, Fortis ...
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Franchise India Bureau Jul 09 2018 - 1 min readMalaysia’s IHH Healthcare Berhad is likely to pick up at least a 51% stake in struggling hospital chain Fortis Healthcare Ltd for Rs 4,700-5,400 crore, the Mint newspaper reported. Citing two people aware of the bid details, the report said that IHH Healthcare’s offer is more than that of TPG-backed Manipal Health Enterprises Pvt. Ltd. ...
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Franchise India Bureau Jul 04 2018 - 2 min readMalaysia’s IHH Healthcare Berhad and India’s Manipal Health Enterprises Pvt. Ltd have submitted new binding offers to acquire struggling hospital chain Fortis Healthcare Ltd. IHH said in a filing to the Malaysian stock exchange on Tuesday that its new binding offer supersedes previous proposals and that the new offer is valid ...
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Franchise India Bureau Jul 03 2018 - 4 min readBidders for the Fortis chain of hospitals will have to cough up a minimum investment of Rs 1,500 crore by way of preferential allotment as the Fortis HealthcareNSE 6.32 % board has stipulated certain conditions to ensure that only “serious” binding offers are made by the Tuesday deadline. The other conditions ...