Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 16 2019

Fortis Healthcare completes acquisition of Singapore-listed RHT assets

Fortis Healthcare has completed the acquisition of RHT Health Trust assets. 

Fortis Healthcare has completed the acquisition of RHT Health Trust (RHT) assets. 

In February 2018, Fortis had entered into definitive agreements with RHT to buy the entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore. 

Fortis Healthcare Ltd said, "The company has today consummated the transaction by the acquisition of relevant sale securities and payment of required consideration."

Consequently, International Hospital Ltd, Escorts Heart and Super Speciality Hospital Ltd, Fortis Health Management Ltd, Fortis Hospotel Ltd and Hospitalia Eastern PVT Ltd have become fully-owned subsidiaries of the company.

"The transaction is beneficial and will be value accretive for the company and its shareholders as it would save significant clinical establishment fees that Fortis currently pays," it added. 

Comment
image
Related opportunities
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Cafe social is focused on providing a safe and..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bike Maintanance & Repair Services
    About Us: EXPERT AUTO CARE SERVICE is a Bhavnagar, Gujarat, India based..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhavnagar Gujarat
  • Cosmetic accessories
    About Us: Bringing together Scientific data and extensive human-energy infomration, biofeedback..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Banglore south Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities