Fortis Healthcare has completed the acquisition of 51% stake in Fortis Hospotel and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.
Earlier in February 4, 2016, the company engaged in healthcare facilities business had said that its board approved the acquisition of 51% economic interest in Fortis Hospotel, a subsidiary of the Religare Health Trust (RHT), by way of acquiring compulsorily convertible debentures from Fortis Global Healthcare Infrastructure.
It had also said that it was contemplating “acquiring compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre, by one of its wholly-owned subsidiary, Fortis Hospitals.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.
