Fortis Healthcare International, a step down subsidiary of Fortis Healthcare has received the sum of SGD 55 million from the sale of its Singapore hospital to Concord Medical Services (International) (CCM). The company had earlier on March 27, 2015, finalized the sale of its Singapore hospital to Concord Medical Services for a consideration of SGD 55 million. JP Morgan and Religare Capital Markets acted as financial advisors to Fortis for this transaction.
Opened in July 2012, the 31 bed private facility known as the Fortis Surgical Hospital (FSH), brings together the expertise of renowned surgeons in the delivery of advanced surgical procedures in Colorectal, Urology, Gynaecology, Plastic and General Surgeries.
FSH specializes in minimally invasive procedures and offers the full spectrum of clinical interventions including laparoscopic and robot-assisted surgeries. Close to 100 robot-assisted surgical procedures have so far been successfully performed at the hospital.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care speciality and hospitals, with a healthcare network spanning 9 countries.
