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{{Short description|Indian multinational chain of private hospitals}}{{cleanup-PR|1=article|date=November 2017}} | {{Short description|Indian multinational chain of private hospitals}}{{pp-semi-indef|small=yes}} | ||
{{Multiple issues| | |||
{{cleanup-PR|1=article|date=November 2017}} | |||
{{COI|date=September 2021}} | |||
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{{Use British English|date=March 2013}} | {{Use British English|date=March 2013}} | ||
{{Use dmy dates|date=October 2020}} | {{Use dmy dates|date=October 2020}} | ||
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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 | ||
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| assets = | | assets = | ||
| equity = | | equity = | ||
| num_employees = | | num_employees = 23,000 (2020)<ref name="Financials"/> | ||
| parent = [[IHH Healthcare]] (31.1%) | | parent = [[IHH Healthcare]] (31.1%) | ||
| divisions = | | divisions = | ||
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}} | }} | ||
'''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 | '''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}} | ||