Fortis Healthcare gains on entering into tie-up with Majid Al Futtaim Healthcare

Fortis Healthcare Ltd. | Hospital & Healthcare Services | Healthcare | BSE: 532843 | NSE: FORTIS

05 Dec 2012 Evaluate

Fortis Healthcare is currently trading at Rs. 112.95, up by 0.40 points or 0.36% from its previous closing of Rs. 112.55 on the BSE.

The scrip opened at Rs. 113.30 and has touched a high and low of Rs. 113.65 and Rs. 112.55 respectively. So far 8,770 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 117.60 on 17-Feb-2012 and a 52 week low of Rs. 81.00 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 116.50 and Rs. 101.50 respectively. The current market cap of the company is Rs. 4,576.00 crore.

The promoters holding in the company stood at 81.48%, while Institutions and Non-Institutions held 5.69% and 12.84% respectively.

Fortis Healthcare (Fortis), a leader in the integrated Healthcare Delivery sector in Asia has taken a significant step to expand and leverage its primary and day care specialty vertical in Asia. The company has entered into a strategic tie-up with Majid Al Futtaim Healthcare, the healthcare arm of Majid Al Futtaim Ventures, to operate and manage its health care assets, starting with a Day Care Specialty Clinic located in Deira City Centre, one of Dubai’s largest shopping malls located in the heart of the city.

Majid Al Futtaim Healthcare is a new business vertical recently established by Majid Al Futtaim Ventures - the growth engine responsible for developing new and innovative enterprises across the region, to invest in healthcare assets. This agreement is the first towards a long-term association that Fortis and Majid Al Futtaim Healthcare have committed to, in bringing advanced healthcare to this region.

With the Day Care Specialty Clinic expected to open in the first half of 2013, the broader strategy is to expand the business regionally. The focus of the clinics will be towards preventive and curative care with Fortis bringing its more than two decades of expertise in specialty care from within its network to the region.

Fortis Healthcare Share Price

972.70 20.60 (2.16%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Apollo Hospital Ent.	8080.95
Max Healthcare Inst	1037.80
Narayana Hrudayalay	1888.30
Aster DM Healthcare	739.85
Global Health	1239.10
View more..

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