Manipal, TPG swoop in with sweetened bid for Fortis
Fortis shares rose as much as 4.2 percent to 155 rupees on Tuesday, marking their biggest intraday percentage gain in nearly two weeks.
May 15, 2018, 12:30 PM IST
Fortis board opts for Munjal-Burman combine's bid
Fortis Healthcare had received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.
May 11, 2018, 09:44 AM IST
Manipal-TPG's new offer for Fortis, values it at Rs 8,358 crore
According to the offer from Manipal-TPG, the copy of which was filed with the stock exchange by Fortis, the former have also proposed to merge MHEPL into Fortis Healthcare (FHL) and have valued the latter at Rs 8,358 crore.
May 07, 2018, 10:17 AM IST
Manipal Health sweetens offer for Fortis again; values hospital biz at Rs 6,322 crore
The new offer from Manipal Health Enterprises (MHEPL) also proposes to arrange financial assistance of up to Rs 750 crore by way of debt financing or guarantees to lenders of FHL.
Apr 25, 2018, 13:16 PM IST
Malaysia's IHH makes binding offer to invest Rs 650 cr in Fortis
IHH had earlier made a non-binding offer to invest Rs 4,000 crore in Fortis at Rs 160 per share.
Apr 24, 2018, 18:04 PM IST
Fortis stake sale: Board of directors agree to form independent panel to evaluate all proposals
Fortis has received an improved binding offer from Hero Enterprise Investment Office and Burman Family Office to invest Rs 1,500 crore directly in the company.
Apr 19, 2018, 17:14 PM IST
Fortis indicated inability to engage in deal due to Manipal pact: IHH Healthcare
IHH had joined the race last week to acquire India's troubled Fortis, offering higher price than Manipal's Rs 155 a unit, which valued the company at Rs 6,061 crore.
Apr 16, 2018, 16:54 PM IST
Fortis board approves demerger of its hospital biz
Manipal Hospitals, part of Manipal Education and Medical Group (MEMG), is owned by Dr Ranjan Pai and has been backed by TPG, a leading global alternative asset firm and experienced healthcare investor since 2015.
Mar 28, 2018, 14:47 PM IST
Fortis Healthcare shares dive 11% on hospital biz demerger
The stock, after making a weak opening, cracked 9.96 percent to Rs 128.25.
Mar 28, 2018, 12:19 PM IST
Fortis Healthcare gets unsolicited offer from Manipal Health
Fortis board was reportedly expected to meet Manipal Health for approving the proposed merger.
Mar 27, 2018, 13:57 PM IST
We are looking into Fortis Healthcare matter, says Sebi chief Ajay Tyagi
The firm has landed in a controversy over alleged regulatory lapses in the transfer of funds to some promoter-linked companies.
Feb 10, 2018, 21:01 PM IST
Fortis promoters Malvinder, Shivinder Singh resign from board
The Singh brothers have jointly tendered their resignation to the Board of Fortis Healthcare, which will discuss it in the meeting on February 13.
Feb 09, 2018, 07:36 AM IST
Fortis Healthcare rejects over pricing of drugs charge
Fortis Healthcare has rejected charges of overpricing the medicines that it is giving to its patients.In a statement, it said, "Fortis Healthcare does not charge any drug or consumables above the printed MRP and there is No Violation of Drug Price Control Order. It should also be noted that our end price to the patient is very much in line with what other private hospitals in India charge."
Dec 16, 2017, 16:01 PM IST
Fortis Healthcare shares slump 13%; mcap dips by Rs 1,315 crore
Shares of Fortis Healthcare slumped nearly 13 percent on Friday after Malaysia's IHH Healthcare Berhad said it is not close to "concluding any negotiations" to buy controlling stake in the company.
Jun 23, 2017, 17:05 PM IST
Competition Commission clears Fortis group's internal reorganisation
Fortis Malar will be off-loading its healthcare business to Fortis Healthcare as a slump sale on a going concern basis for a certain consideration. Then, Fortis Healthcare will demerge its diagnostics business as well as investment/shareholding in SRL into Fortis Malar, according to the notice.
Oct 24, 2016, 11:52 AM IST
Fortis Healthcare shares climb nearly 5%
Shares of Fortis Healthcare rose nearly 5 percent Monday as the company completed the acquisition of 51 percent stake in Fortis Hospital and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.
Oct 17, 2016, 16:48 PM IST
Fortis Healthcare approves demerger of diagnostics business
Fortis Healthcare on Friday said its board has approved demerger of its diagnostics business into another group firm Fortis Malar Hospitals, a move aimed at ensuring independent growth of hospital as well as diagnostics business verticals.
Aug 19, 2016, 21:07 PM IST
6-year-old Omani girl treated for genetic disorder in Delhi
A six-year-old girl from Oman who developed a rare genetic disorder, characterised by distinctive malformation of the skull and facial region, has been given a new lease of life after a breakthrough surgery at a Delhi hospital.
Jul 29, 2016, 23:00 PM IST
Fortis Healthcare planning de-merger with SRL Diagnostics
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Jul 20, 2016, 15:45 PM IST
Government imposed fine of Rs.500 Cr on subsidiary of Fortis Healthcare
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Jun 13, 2016, 18:25 PM IST
