Fortis Healthcare Completes the Acquisition of the Entire Portfolio of Indian Assets of RHT Health Trust

Deepthi | Myequity news | Date : 16-01-2019 17:50:00 IST

Fortis Healthcare has on January 15, 2019, announced the completion of acquisition of the entire portfolio of Indian assets of RHT Health Trust.

With the completion of the acquisition, International Hospital Limited (IHL), Fortis Health Management Limited (FHML), Escorts Heart and Super Speciality Hospital Limited (EHSSHL), Hospitalia Eastern Private Limited (HEPL) and Fortis Hospotel Limited (FHTL) have become wholly-owned subsidiaries (direct/indirect) of the Company (“Subsidiary Companies”). The Subsidiary Companies combined, own the entire portfolio of India assets held by RHT - comprising 12 clinical establishments, 2 operating hospitals, 1 clinical establishment under construction as well as 4 greenfield clinical establishments.

The overall consideration paid by the Company for the transaction was approximately Rs 4,666 Crores.

The Seller, RHT is a business trust listed on Singapore Stock Exchange, comprising a diverse pool of retail and institutional shareholders including the Company (FHL owns approx. 27.8% in RHT).

Fortis’ Legal Advisors to the aforesaid Transaction were Luthra and Luthra Partners.

About Fortis Healthcare Limited:

Fortis Healthcare Limited is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities. Currently, the company operates its healthcare delivery services in India, Dubai, Mauritius and Sri Lanka with 43 healthcare facilities.

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