Fortis Healthcare
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Franchise India Bureau Jan 16 2019 - 1 min readFortis 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 ...
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Franchise India Bureau Jul 25 2018 - 2 min readFortis-owned SRL Diagnostics is putting in place a strategy for increasing revenue and reach with a focus on preventive tests and loyalty plan. SRL Diagnostics' (SRL) revenue and margin growth has trailed those of its peers and the new strategy would enable it to expand its business. The move comes at a time when the ...
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Franchise India Bureau Jul 19 2018 - 3 min readDaiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis Healthcare to Malaysian group IHH Bhd while it enforces an arbitration award against the former promoters of the Indian hospital chain. The high court issued notices on Wednesday to Fortis and its erstwhile promoters Malvinder and Shivinder Singh, seeking ...
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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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Sneha Santra Jul 13 2018 - 2 min readIndia, one of the biggest emerging markets, is currently an important destination for foreign direct investment (FDI). The healthcare sector as an industry is expanding rapidly in India and is expected to grow at a CAGR of 15 percent and will reach around USD 280 billion by 2020. Foreign investors are playing a significant role ...