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{{Short description|Indian multinational chain of private hospitals}} | |||
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{{COI|date=September 2021}} | |||
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| successor = | | successor = | ||
| foundation = {{start date and age|df=yes|1996}} | | foundation = {{start date and age|df=yes|1996}} | ||
| defunct = | | defunct = | ||
| location_city = [[Gurgaon]] | | location_city = [[Gurgaon]] | ||
| locations = | | locations = | ||
| area_served = | | area_served = Worldwide | ||
| key_people = | | key_people = Ravi Rajagopal {{small|(Chairman)}}<ref>{{cite news|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|newspaper=The Economic Times|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| | | 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| | | operating_income = {{INRConvert|4325|c}} (2020)<ref name="Financials"/> | ||
| net_income = {{INRConvert| | | net_income = {{INRConvert|7889|c}} (2020)<ref name="Financials"/> | ||
| assets = | | assets = | ||
| equity = | | equity = | ||
| num_employees = | | num_employees = 23,000 (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 | '''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. Dr. Tehran, the current MD of [[Medanta]] and several others have started their career from this institute. | ||
Fortis | The Fortis Memorial research Institute (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 and flagship hospital of Fortis healthcare with all the major facilities at the hospital. It was named as 23rd smart hospital in the world for the year 2021.<ref>{{Cite web |title=Fortis Memorial Research Institute bags recognition as smart hospital |url=https://www.biospectrumindia.com/news/16/18848/fortis-memorial-research-institute-bags-recognition-as-smart-hospital.html |access-date=2022-03-16 |website=www.biospectrumindia.com |language=en}}</ref> FMRI was also named as 22nd best hospital in the country for the year 2022 by Newsweek.<ref>{{Cite web |last=Newsweek |date=2022-03-02 |title=World's Best Hospitals 2022 - India |url=https://www.newsweek.com/worlds-best-hospitals-2022/india |access-date=2022-03-16 |website=Newsweek |language=en}}</ref> | ||
Malaysia's [[IHH Healthcare]] | Apart from Fortis Escorts Okhla, & FMRI, Fortis healthcare has other units in Delhi NCR as well which includes Fortis Hospital [[Faridabad]], [[Noida]], [[Vasant Kunj]], [[Shalimar Bagh (Delhi)]] and at several other places in the country. 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>{{Cite web|url=https://www.zaubacorp.com/company/FORTIS-HEALTHCARE-LIMITED/L85110PB1996PLC045933|title=FORTIS HEALTHCARE LIMITED - Company, directors and contact details | Zauba Corp}}</ref> | ||
Malaysia's [[IHH Healthcare]] 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> | |||
== Other information == | == Other information == | ||
In 2018, Manipal Hospitals and [[TPG Capital]] acquired Fortis Healthcare Limited as part of a deal for {{INR}} 39,000 million.<ref>{{cite | In 2018, Manipal Hospitals and [[TPG Capital]] acquired Fortis Healthcare Limited as part of a deal for {{INR}} 39,000 million.<ref>{{cite news |title=Fortis Healthcare Ltd. |url=https://www.business-standard.com/company/fortis-health-24049/information/company-history |newspaper=Business Standard India}}</ref><ref>{{cite web |last1=Sen |first1=Amiti |title=Manipal Hospitals buys Fortis hospitals biz |url=https://www.thehindubusinessline.com/companies/manipal-hospitals-buys-fortis-hospitals-biz/article23370334.ece |website=@businessline |language=en}}</ref><ref>{{cite web |title=TPG-backed Manipal acquires Fortis Health, SRL Diagnostics – Times of India ► |url=https://timesofindia.indiatimes.com/business/india-business/tpg-backed-manipal-acquires-fortis-health-srl-diagnostics/articleshow/63495248.cms |website=The Times of India}}</ref> In 2019, Fortis Healthcare announced that it had completed the acquisition of RHT Health Trust (RHT) assets for an enterprise value of {{INR}} 46,500 million.<ref>{{cite news|url=https://business.medicaldialogues.in/fortis-completes-acquisition-of-rht-assets-at-enterprise-value-of-rs-4650-crore/|title= Fortis completes acquisition of RHT assets at enterprise value of Rs 4650 crore|date=17 January 2019|work=Medical Dialogues}}</ref><ref>{{cite news|url=https://www.credihealth.com/hospital/fortis-memorial-research-institute-gurgaon/overview|title= Fortis Hospital Gurgaon|date=25 March 2019|work= Full Details Information}}</ref> In the same financial year, Fortis reported a consolidated net profit of {{INR}} 780.10 million for the quarter ended 30 June.<ref>{{cite news|url=https://business.medicaldialogues.in/fortis-healthcare-reports-profit-of-rs-78-crore-for-june-quarter/|title= Fortis Healthcare reports profit of Rs 78 crore for June quarter|date=7 August 2019|work=Medical Dialogues}}</ref> | ||
Fortis is also a component of the S&P BSE 500. | Fortis is also a component of the S&P BSE 500. | ||
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[[Category:1996 establishments in Tamil Nadu]] | [[Category:1996 establishments in Tamil Nadu]] | ||
[[Category:Indian companies established in 1996]] | [[Category:Indian companies established in 1996]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||
{{India-company-stub}} | {{India-company-stub}} | ||
Latest revision as of 18:20, 31 August 2023
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Fortis Healthcare Limited (FHL) is an 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 and increased its strength in various parts of the country. The Escorts Heart and research Center, Okhla,[3] Delhi became a major operating unit of the chain. Dr. Tehran, the current MD of Medanta and several others have started their career from this institute.
| File:Fortis Healthcare logo.svg | |
| Traded as | BSE: 532843 NSE: FORTIS |
|---|---|
| Industry | Healthcare |
| Founded | 1996 |
| Headquarters | , |
Area served | Worldwide |
Key people | Ravi Rajagopal (Chairman)[1] |
| Products | Hospitals, Pharmacy, Diagnostic centres |
| Revenue | ₹193,585 crore (US$22 billion) (2020)[2] |
| ₹4,325 crore (US$500 million) (2020)[2] | |
| ₹7,889 crore (US$910 million) (2020)[2] | |
Number of employees | 23,000 (2020)[2] |
| Parent | IHH Healthcare (31.1%) |
| Website | www |
The Fortis Memorial research Institute (FMRI) hospital at Gurgaon[4] is the headquarter and flagship hospital of Fortis healthcare with all the major facilities at the hospital. It was named as 23rd smart hospital in the world for the year 2021.[5] FMRI was also named as 22nd best hospital in the country for the year 2022 by Newsweek.[6]
Apart from Fortis Escorts Okhla, & FMRI, Fortis healthcare has other units in Delhi NCR as well which includes Fortis Hospital Faridabad, Noida, Vasant Kunj, Shalimar Bagh (Delhi) and at several other places in the country. Currently, the company operates its healthcare delivery services in India, Dubai and Sri Lanka with 36 healthcare facilities.[7][8]
Malaysia's IHH Healthcare 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.[9][10]
Other informationEdit
In 2018, Manipal Hospitals and TPG Capital acquired Fortis Healthcare Limited as part of a deal for ₹ 39,000 million.[11][12][13] In 2019, Fortis Healthcare announced that it had completed the acquisition of RHT Health Trust (RHT) assets for an enterprise value of ₹ 46,500 million.[14][15] In the same financial year, Fortis reported a consolidated net profit of ₹ 780.10 million for the quarter ended 30 June.[16]
Fortis is also a component of the S&P BSE 500.
See alsoEdit
ReferencesEdit
- ↑ "Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO". The Economic Times. economictimes.indiatimes.com. Retrieved 7 February 2019.
- ↑ 2.0 2.1 2.2 2.3 "Fortis Healthcare Ltd. Financial Statements". moneycontrol.com.
- ↑ "Fortis Escorts".
{{cite web}}: CS1 maint: url-status (link) - ↑ "Fortis Hospital Gurgaon has 1000 beds". docprime. Retrieved 14 November 2019.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Fortis Memorial Research Institute bags recognition as smart hospital". www.biospectrumindia.com. Retrieved 16 March 2022.
- ↑ Newsweek (2 March 2022). "World's Best Hospitals 2022 - India". Newsweek. Retrieved 16 March 2022.
- ↑ "Fortis Healthcare – About Us".
{{cite web}}: CS1 maint: url-status (link) - ↑ "FORTIS HEALTHCARE LIMITED - Company, directors and contact details | Zauba Corp".
- ↑ "IHH Healthcare completes Fortis deal by acquiring 31% stake". Live Mint. 14 November 2018.
- ↑ "Fortis Hospital Noida". Full Details Information. 26 March 2019.
- ↑ "Fortis Healthcare Ltd". Business Standard India.
- ↑ Sen, Amiti. "Manipal Hospitals buys Fortis hospitals biz". @businessline.
- ↑ "TPG-backed Manipal acquires Fortis Health, SRL Diagnostics – Times of India ►". The Times of India.
- ↑ "Fortis completes acquisition of RHT assets at enterprise value of Rs 4650 crore". Medical Dialogues. 17 January 2019.
- ↑ "Fortis Hospital Gurgaon". Full Details Information. 25 March 2019.
- ↑ "Fortis Healthcare reports profit of Rs 78 crore for June quarter". Medical Dialogues. 7 August 2019.
External linksEdit
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