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Fortis Board News

Manipal Hospital

15 May 2018

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.

01 May 2018

IHH Healthcare, Munjals & Burmans enhance offers for Fortis

Fortis Healthcare has already received binding offers from four entities - KKR-backed Radiant Life Care, IHH Healthcare, Manipal/TPG consortium, and Munjal and Burman family offices.

23 Apr 2018

Munjals, Burmans extend validity of their offer for Fortis

The development follows the Fortis board forming an expert panel last week to evaluate binding offers and make the final recommendation by April 26.

Fortis Healthcare

19 Apr 2018

Fortis stake sale: Board of directors agree to form independent panel

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.

Fortis Healthcare

28 Mar 2018

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.

28 Mar 2018

Fortis Healthcare shares dive 11% on hospital biz demerger

The stock, after making a weak opening, cracked 9.96 percent to Rs 128.25.

Fortis Healthcare

27 Mar 2018

Fortis Healthcare gets unsolicited offer from Manipal Health

Fortis board was reportedly expected to meet Manipal Health for approving the proposed merger.

27 Mar 2015

Fortis sells Singapore hospital for SGD 55 mn

Fortis Healthcare on Friday sold its Singapore hospital to Concord Medical Services (International) Pte Ltd for SGD 55 million (approx Rs 251 crore) in line with strategy to focus on the domestic market.

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