Fortis to buy Singapore firm RHT Health Trust's portfolio for Rs 4,650 cr

Fortis has an indirect interest of 29.76% in RHT; after the deal is completed service fees that Fortis was paying will be completely eliminated

Fortis Healthcare board has approved the proposed acquisition of the entire portfolio of Singapore-listed RHT Health Trust (RHT) for an enterprise value of around Rs 4,650 crore, the company said on Wednesday.

The step is part of a restructuring initiative aimed at consolidating the entire Indian asset portfolio comprising various clinical establishments and two operating hospitals of RHT Health Trust into Fortis.

Fortis and RHT have inked a pact proposing the acquisition of all the securities of RHT's entities in India holding, clinical entities and businesses via purchase of securities for an enterprise value of around Rs 4,650