Fortis Healthcare completes acquisition of Singapore-listed RHT assets
Fortis Healthcare has completed the acquisition of RHT Health Trust (RHT) assets.
In February 2018, Fortis had entered into definitive agreements with RHT to buy the entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.
Fortis Healthcare Ltd said, "The company has today consummated the transaction by the acquisition of relevant sale securities and payment of required consideration."
Consequently, International Hospital Ltd, Escorts Heart and Super Speciality Hospital Ltd, Fortis Health Management Ltd, Fortis Hospotel Ltd and Hospitalia Eastern PVT Ltd have become fully-owned subsidiaries of the company.
"The transaction is beneficial and will be value accretive for the company and its shareholders as it would save significant clinical establishment fees that Fortis currently pays," it added.