Fortis Healthcare has reportedly decided to demerge hospital business into Manipal hospitals, promoted by Dr Ranjan Pai and backed by TPG. The move will unlock significant value for all stakeholders and will further accelerate and expand access to high quality healthcare services in India.
The board of directors of the company has received an unsolicited non-binding indication of interest from Manipal Health Enterprises for possible transaction with the company.
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.
