Fortis Healthcare suitors' list gets longer with Fosun's $350-million offer

The board of directors of Fortis Healthcare will meet on Thursday to decide on investment offers received by the hospital chain so far

Adding to the list of bidders for Fortis Healthcare, Fosun Health Holdings Ltd (FHHL), a wholly-owned subsidiary of the Hong Kong Stock Exchange-listed Fosun International, on Tuesday made a proposal for primary infusion at Rs 156 a share, up to a total investment of $350 million (Rs 22.75 billion), including a preliminary investment of Rs 1 billion. The unsolicited non-binding offer, however, is subject to due diligence, to be completed within three weeks. This will enable Fosun to own a 25 per cent or more stake in Fortis.

Fosun said it understood from the public domain that Fortis was in