Fortis board clears RHT acquisition in India
15-Nov-17, ET Healthworld
The Fortis Healthcare board has approved the proposed acquisition of the entire portfolio of Singapore-listed RHT Health Trust for an enterprise value of around INR4,650 crore (USD720 mn).
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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.