Fortis in advanced stage to acquire Manipal hospitals

23 Dec 2008

Fortis Healthcare is understood to be in advanced stages of negotiations for acquiring a majority stake in South India's leading hospital chain Manipal Health Systems.

 

If this deal materializes than it would bring operational synergies as Fortis is keen to expand in southern and western regions, while MHS has also been planning to spread its presence in North India. Manipal Health Systems has 18 hospitals mostly located in South India with a total capacity of 7,000 beds. It also manages around 55 primary healthcare centres.

 

According to sources, both the sides were keen on the deal as Fortis has already announced around half a billion dollars expansion plan, which aims at having 40 hospitals by 2010. However at present both the parties have denied that they are in talks.

crackcrack
Related Fortis Healthcare Ltd. Links:

Fortis Healthcare Share Price

177.60 -0.85 (-0.48%) Mar 05, 18:59
1 Year Price Chart
Peers
Company Name CMP
Apollo Hospital Ent. 2881.75
Aster DM Healthcare 142.85
Narayana Hrudayalay 420.45
Dr Lal Pathlabs 2304.25
Metropolis Health. 1927.95
View more..
Sensex vs Fortis Healthcare
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback