Fortis to acquire RHT Health Trust for INR 4,650 crore



Fortis Healthcare Ltd announced that the Board of Directors of the Company at its meeting held considered and approved execution by the Company of a term sheet containing an exclusivity arrangement, in relation to the proposed acquisition of the equity and financial securities, under RHT Health Trust for a combined enterprise value of approx. INR 4650 Crores (including RHT Debt of approx. Rs. 1152 crore) from the wholly-owned subsidiaries of RHT.

The board also approved major restructuring initiative aimed at consolidating the entire Indian assets portfolio.

“This restructuring is a significant initiative and will integrate RHT’s entire India-based asset portfolio into Fortis while also improving the overall financial health of the business,” says Bhavdeep Singh, CEO of Fortis Healthcare.

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.