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Fortis eyes expansion big time


Fortis, one of the leading chains of hospitals in India, is looking to invest Rs650 crore in the next 18 months to open seven to eight hospitals. The healthcare major is currently scouting for acquisition opportunities in India and abroad to bridge the gap with the country’s largest healthcare firm – Apollo Hospitals. This aggression comes after Fortis Healthcare lost out on a corporate takeover tussle for control over Singapore’s Parkway early this year. “We are not done with the acquisitions yet and at any point of time, we are evaluating about 6-7 proposals,” Bhavdeep Singh, CEO, Fortis Healthcare, was quoted as saying.

Source: http://economictimes.indiatimes.com
Posted on: 10-11-2010