SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Fortis Healthcare in talks to buy controlling stake in Hoan My Medical Corp

05 Aug 2011 Evaluate

Fortis Healthcare India is in talks to buy majority stake in Hoan My Medical Corp, the Vietnamese hospital operator backed by Deutsche Bank AG. The shareholders of privately held Hoan My plan to sell more than 50% of the company in a deal that may value it at about $100 million. Further, the Ho Chi Minh City-based Hoan My operates five hospitals and two clinics in Vietnam and plans to open more hospitals in the country.

This acquisition would bolster Fortis's expansion in Asia, where the Economist Intelligence Unit forecasts healthcare spending per person will grow 55% between 2010 and 2015. The company recently unveiled its plan to launch six new hospitals in Southern and Western India. With these additions, Fortis marks its entry into four new cities i.e. Pune, Hyderabad, Indore and Jabalpur.

Fortis Healthcare (FHL) is engaged in running chain of hospitals. FHL started its hospital operations in 2001 through its flagship Mohali Hospital. The company has alliance with international partners such as Aetna, Bupa, Cigna, GMC Services, HTH Worldwide, Vanbreda and World Access. These alliance helps the company provide quality, cost effective healthcare, medical expertise, and related health services.

Fortis Healthcare Share Price

889.75 15.45 (1.77%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×