Healthcare
Malaysia’s IHH wins race for Fortis Healthcare
13 Jul 2018
IHH Healthcare will acquire a 31.1 per cent stake in Fortis Hospitals for Rs4,000 crore through a preferential allotment at a price of Rs170 per share, before making an open offer for another 26 per cent stake in Fortis
Fortis board terminates Munjal-Burman offer, invites fresh bids
29 May 2018
Fortis will provide access to data comprising information on finances, litigation and update on pending investigation to new bidders while also allowing the three original bidders to participate in the process
EGM may decide successful bidder for Fortis Healthcare
22 May 2018
Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22 amidst talks of an MCA-initiated probe into the working of the company
Jharkhand to get an AIIMS hospital at Deoghar
16 May 2018
Manipal-TGP steps in again with sweetened offer for Fortis Healthcare
15 May 2018
After Fortis Healthcare announced last week it planned to accept an offer from Hero Enterprise Investment Office and the Burman Family Office, the Manipal-TGP combine has stepped in again with an offer of Rs180 per share
Fortis Healthcare accepts investment offer of Rs. 1,800 cr from Hero-Burman
11 May 2018
It is unclear as to who will run the hospital chain, as neither Dabur nor the Hero group have any previous experience in managing hospitals, unlike rival hospital group or Manipal TPG, Radiant LifeCare or Malaysia's IHH, all of whom were in the fray for Fortis
After IHH and Hero-Burman, Manipal-TPG too sweetens offer for Fortis
07 May 2018
Manipal Health Enterprises, backed by US PE firm TPG, has revised its offer for Fortis Healthcare, now proposing a merger of both entities in a three-step deal that values the Fortis at Rs8,358 crore or around Rs160 per share
Genomics is disrupting the healthcare sector
07 May 2018
Fortis to consider all binding bids till 1 May; Manipal gets extra leeway
28 Apr 2018
The Fortis Healthcare board will meet on 10 May to consider all binding bids till 1 May, while the frontrunner, the Manipal Health Enterprises-TPG combine, will be allowed to revise its offer till 6 May
Dr Kafeel Ahmad Khan granted bail
26 Apr 2018
IHH, KKR submit binding bids for Fortis, Manipal revises bid
25 Apr 2018
IHH has offered to infuse Rs650 crore immediately into Fortis Healthcare, while Radiant-KKR has offered to purchase Fortis Mulund for Rs1,200 crore without any due diligence, and Manipal-TPG submitted a revised offer which includes a premium of Rs1,319 crore
Most vulnerable patients across Africa at risk of receiving sub-optimal malaria treatment
19 Apr 2018
China's Fosun enters race for Fortis Healthcare with $350 mn offer
18 Apr 2018
Fosun said it will consider a primary infusion of up to Rs2,300 crore ($350 mn), with Rs100 crore flowing in within 45 days, once Fortis agrees to a one-month period of exclusivity for Fosun to undertake due diligence and negotiate a proposal to acquire stake in the company
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