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Clouds over Fortis Healthcare keep suitors from making higher bids

Fortis is evaluating offers from domestic and international firms including Malaysia's IHH Healthcare BHD

Abhirup Roy & Tanvi Mehta  |  Mumbai/Bengaluru 

Fortis Healthcare Ltd has received as many as five offers for control of its private hospital business, but suitors have so far held back from making bold bids for the group as it faces rising debt and a regulatory probe. Fortis, one of the country's largest hospital chain operators, is evaluating offers from domestic and international firms including Malaysia's IHH Healthcare BHD, which runs hospitals in India, Turkey, Malaysia and Singapore, and China's Fosun International Ltd. Analysts, bankers and consultancy firms say Fortis, with around 30 hospitals, mostly in ...

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First Published: Mon, April 23 2018. 19:57 IST
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