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Fortis Healthcare signs definitive agreements for acquisition of Medeor Hospital in Manesar

20 Apr 2023 Evaluate

Fortis Healthcare has signed definitive agreements with Medeor Hospital and VPS Health Care for acquisition of a multi-speciality hospital situated in Sector-5, IMT-Manesar, Tehsil & District, Gurgaon, Haryana (Medeor Hospital Manesar) along with all the structures and buildings as well as the movable assets present at Medeor Hospital Manesar, for a lump sum consideration of Rs 225 crore, on such terms and conditions.

The acquisition fits well with the company’s strategic approach of expanding its presence in focus geographic clusters, including Delhi NCR. The acquisition will enable the company to deliver quality healthcare services to patients in the upcoming areas of New Gurgaon, Dwarka Expressway, IMT Manesar and National Highway 48. The hospital is easily accessible from these areas and can additionally benefit patients from across Rewari, Mahendargarh, Bhiwadi, Pataudi, Farukh Nagar and other areas in the vicinity.

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 various countries.

Fortis Healthcare Share Price

952.10 4.60 (0.49%)
08-May-2026 16:59 View Price Chart
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