Fortis Healthcare: Difference between revisions

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{{Short description|Indian multinational chain of private hospitals}}{{cleanup-PR|1=article|date=November 2017}}
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| location_city = [[Gurgaon]]
| location_city = [[Gurgaon]]
| locations =  
| locations =  
| area_served = Asia
| area_served = World Wide
| key_people = Ashutosh Raghuvanshi (CEO)<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/fortis-healthcare-appoints-dr-ashutosh-raghuvanshi-as-its-new-ceo/articleshow/67885367.cms|title=Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO|publisher=economictimes.indiatimes.com |access-date=2019-02-07}}</ref>
| key_people = Avijeet Bhujabal (Chairman)<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/fortis-healthcare-appoints-dr-ashutosh-raghuvanshi-as-its-new-ceo/articleshow/67885367.cms|title=Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO|publisher=economictimes.indiatimes.com |access-date=2019-02-07}}</ref>
| industry = [[Healthcare]]
| industry = [[Healthcare]]
| products = [[Hospitals]], [[Pharmacy]], [[Medical diagnosis|Diagnostic centre]]s
| products = [[Hospitals]], [[Pharmacy]], [[Medical diagnosis|Diagnostic centre]]s
| services =  
| services =  
| revenue = {{INRConvert|4684|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/fortishealthcare/FH|title=Fortis Healthcare Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| revenue = {{INRConvert|193585|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/fortishealthcare/FH|title=Fortis Healthcare Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{INRConvert|432|c}} (2020)<ref name="Financials"/>
| operating_income = {{INRConvert|4325|c}} (2020)<ref name="Financials"/>
| net_income = {{INRConvert|79|c}} (2020)<ref name="Financials"/>
| net_income = {{INRConvert|7889|c}} (2020)<ref name="Financials"/>
| assets =  
| assets =  
| equity =  
| equity =  
| num_employees = 15,582 (2020)<ref name="Financials"/>
| num_employees = 95,582 (2020)<ref name="Financials"/>
| parent = [[IHH Healthcare]]
| parent = [[IHH Healthcare]] (31.1%)
| divisions =  
| divisions =  
| subsid =  
| subsid =  
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'''Fortis Healthcare Limited''' ('''FHL''') is a chain of private hospitals headquartered in [[India]]. Fortis started its health care operations from [[Mohali]] where first Fortis hospital was started. Later on, the hospital chain purchased the healthcare branch of [[Escorts Group|Escorts group]] and increased its strength in various parts of the country. The Escorts Heart and research Center, Okhla,<ref>{{Cite web|url=https://www.indheal.com/hospitals/fortis-escorts|title=Fortis Escorts|url-status=live}}</ref> [[Delhi]] became a major operating unit of the chain which was headed by [[Naresh Trehan]] until he started his own chain of hospitals by the name [[Medanta]]. The FMRI hospital at [[Gurgaon]]<ref>{{Cite web|url=https://docprime.com/fortis-memorial-research-institute-gurgaon-sector-44-hpp|title=Fortis Hospital Gurgaon has 1000 beds|website=docprime|url-status=live|access-date=2019-11-14}}</ref> is the headquarter of Fortis healthcare with all the major facilities at the hospital. Currently, the company operates its healthcare delivery services in India, [[Dubai]] and [[Sri Lanka]] with 36 healthcare facilities.<ref>{{Cite web|url=https://www.fortishealthcare.com/about-us|title=Fortis Healthcare – About Us|url-status=live}}</ref><ref>https://www.zaubacorp.com/company/FORTIS-HEALTHCARE-LIMITED/L85110PB1996PLC045933</ref>
'''Fortis Healthcare Limited''' ('''FHL''') is an [[India|Indian multinational]] chain of private hospitals headquartered in [[India]]. Fortis started its health care operations from [[Mohali]] where first Fortis hospital was started. Later on, the hospital chain purchased the healthcare branch of [[Escorts Group|Escorts group]] and increased its strength in various parts of the country. The Escorts Heart and research Center, Okhla,<ref>{{Cite web|url=https://www.indheal.com/hospitals/fortis-escorts|title=Fortis Escorts|url-status=live}}</ref> [[Delhi]] became a major operating unit of the chain which was headed by [[Naresh Trehan]] until he started his own chain of hospitals by the name [[Medanta]]. The FMRI hospital at [[Gurgaon]]<ref>{{Cite web|url=https://docprime.com/fortis-memorial-research-institute-gurgaon-sector-44-hpp|title=Fortis Hospital Gurgaon has 1000 beds|website=docprime|url-status=live|access-date=2019-11-14}}</ref> is the headquarter of Fortis healthcare with all the major facilities at the hospital. Currently, the company operates its healthcare delivery services in India, [[Dubai]] and [[Sri Lanka]] with 36 healthcare facilities.<ref>{{Cite web|url=https://www.fortishealthcare.com/about-us|title=Fortis Healthcare – About Us|url-status=live}}</ref><ref>https://www.zaubacorp.com/company/FORTIS-HEALTHCARE-LIMITED/L85110PB1996PLC045933</ref>Currently owned by Mr.Avijeet Bhujabal which had been acquired by him in 2021.


Fortis Healthcare was initially founded by [[Shivinder Mohan Singh]] and [[Malvinder Mohan Singh]] before the controversies and transferring of controlling share to [[Malaysia]]'s [[IHH Healthcare]].
Fortis Healthcare was initially founded by [[Shivinder Mohan Singh]] and [[Malvinder Mohan Singh]] before the controversies and transferring of controlling share to [[Malaysia]]'s [[IHH Healthcare]].Now this largest healthcare unit is acquired by Mr.Avijeet Bhujabal founder of the Next Billion Technology Pvt.Ltd in 2021 with a whooping amount of US$300 Million.


Malaysia's [[IHH Healthcare]] Bhd became the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held at Mohali. The board approved the allotment of over 230 million shares through preferential issue to Northern TK Venture Pte Ltd, a wholly owned indirect subsidiary of IHH Healthcare, at ₹170 per share of ₹10 face value.<ref>{{cite news| url=https://www.livemint.com/Companies/n5hz8EnQh6C9rcD5JvVZYM/IHH-acquires-controlling-311-stake-in-Fortis-for-Rs-4000.html | title=IHH Healthcare completes Fortis deal by acquiring 31% stake | date=14 Nov 2018|newspaper=[[Live Mint]]}}</ref><ref>{{cite news|title=Fortis Hospital Noida |url=https://www.credihealth.com/hospital/fortis-hospital-noida/doctors|date=26 March 2019 |work=Full Details Information}}</ref>
Malaysia's [[IHH Healthcare]] Bhd became the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held at Mohali. The board approved the allotment of over 230 million shares through preferential issue to Northern TK Venture Pte Ltd, a wholly owned indirect subsidiary of IHH Healthcare, at ₹170 per share of ₹10 face value.<ref>{{cite news| url=https://www.livemint.com/Companies/n5hz8EnQh6C9rcD5JvVZYM/IHH-acquires-controlling-311-stake-in-Fortis-for-Rs-4000.html | title=IHH Healthcare completes Fortis deal by acquiring 31% stake | date=14 Nov 2018|newspaper=[[Live Mint]]}}</ref><ref>{{cite news|title=Fortis Hospital Noida |url=https://www.credihealth.com/hospital/fortis-hospital-noida/doctors|date=26 March 2019 |work=Full Details Information}}</ref>
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