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Fortis Healthcare plans acquisitions, may opt for neutral brand name

We have taken a calculative view that at least for SRL, we have moved to the Agilus brand, and we have successfully completed that last year, said CFO of Fortis Healthcare

IHH Healthcare makes open offer for Fortis Malar at Rs 60 per share
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Sohini Das Mumbai
Delhi-headquartered hospital major Fortis Healthcare is open to making acquisitions of hospitals over 250-300 bed size as a part of its strategy to grow at a faster clip and may also opt for a neutral brand name soon.

Ever since Malaysia’s IHH Healthcare picked up a 31 per cent stake in 2018, Fortis has been going slow in terms of bed additions and focusing more on consolidating its business operations, repairing its balance sheet and improving profitability. Having turned around the operations, Fortis is now embarking on an ambitious 2,000-bed expansion plan over the next 3-4 years. It is open

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First Published: Jan 14 2024 | 4:04 PM IST

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