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
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