MoneyWorks4Me

Fortis Healthcare extends date to buy assets held by RHT

02 Jan 2019 Evaluate

Fortis Healthcare has extended date to complete the acquisition of Indian assets held by Singapore-listed RHT Health Trust to March 26, 2019.

The Board of Directors of the Company has on December 31, 2018, approved the extension of the long stop date of December 31, 2018 under the Master Purchase Agreement (MPA) to March 26, 2019 as per mutual agreement, and on the same terms and conditions undertaken for the earlier extension vide amendment agreement dated August 24, 2018. The extension of the long stop date has been accepted and approved by RHT as well.

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.

Peers