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.