Fortis Hospitals to acquire Singapore firm RHT Health Trust for Rs 4,650 cr

With this, Fortis will acquire 2 hospitals and 12 clinical establishments operated by RHT Health subsidiaries

Healthcare chain Fortis Hospitals plans to acquire RHT Health Trust fully for  Rs 4,650 crore in an attempt to restructure RHT’s business. Fortis owns 29.76 per cent stake in Singapore firm RHT.

With this, Fortis will acquire two hospitals and 12 clinical establishments that are currently operated by RHT Health subsidiaries, namely International Hospital Limited, Fortis Health Management, Fortis Hospotel, Escorts Hearth and Super Speciality Hospital, and Hospitalia Eastern Private limited. These entities will become wholly owned subsidiaries of Fortis.

This development comes at a time when Fortis' promoters are trying to sell some part of their stake. A number of private equity partners have been in the race for a stake in Fortis Hospitals.