MoneyWorks4Me

Fortis Healthcare concludes divestment of Hoan My

21 Aug 2013 Evaluate

Fortis Healthcare, one of the country’s largest healthcare companies, has concluded the sale of its entire stake in Fortis Hoan My Medical Corporation (Hoan My), Vietnam, for a total consideration of $80 million on August 20, 2013.

The company had earlier on June 11, 2013 entered into an agreement with Viva Holdings Vietnam, a wholly owned subsidiary of Chandler Holdings and a Chandler Corporation company, to sell its entire stake in Hoan My.

Fortis Healthcare is an integrated healthcare-delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care speciality and hospitals, with a healthcare network spanning 9 countries.

Peers