Fortis Healthcare
 | This article reads like a press release or a news article and is largely based on routine coverage or sensationalism. (November 2017) |
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 which was headed by Naresh Trehan until he started his own chain of hospitals by the name Medanta. The FMRI hospital at Gurgaon[4] 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.[5][6]Currently owned by Mr.Avijeet Bhujabal which had been acquired by him in 2021.
| File:Fortis Healthcare logo.svg | |
| Traded as | BSE: 532843 NSE: FORTIS |
|---|---|
| Industry | Healthcare |
| Founded | 1996 |
| Founder(s)s | Shivinder Mohan Singh Malvinder Mohan Singh |
| Headquarters | , |
Area served | World Wide |
Key people | Avijeet Bhujabal (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 | 95,582 (2020)[2] |
| Parent | IHH Healthcare (31.1%) |
| Website | www |
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.[7][8]
Other information
In 2018, Manipal Hospitals and TPG Capital acquired Fortis Healthcare Limited as part of a deal for ₹ 39,000 million.[9][10][11] 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.[12][13] In the same financial year, Fortis reported a consolidated net profit of ₹ 780.10 million for the quarter ended 30 June.[14]
Fortis is also a component of the S&P BSE 500.
See also
References
- ↑ "Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO". 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 Healthcare – About Us".
{{cite web}}: CS1 maint: url-status (link) - ↑ https://www.zaubacorp.com/company/FORTIS-HEALTHCARE-LIMITED/L85110PB1996PLC045933
- ↑ "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.
- ↑ 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 links
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