Fortis Healthcare invests Rs274 crore in two colorectal centres in Singapore

Fortis Healthcare Ltd, India's largest hospital company, is investing S$70 million (Rs274 crore) this year in two colorectal centres in Singapore, the Strait Times today reported.

Fortis Healthcare Singapore has today opened an outpatient clinic for colorectal diseases, Novena Colorectal Centre, and a 31-bed Fortis Hospital for Colorectal Diseases in June this year.

Novena Colorectal Centre has been formed by four prominent Singapore surgeons in partnership with Fortis Healthcare Singapore to provide comprehensive integrated colorectal care including genetic testing, treatment of pelvic floor disorders and video-assisted anal fistula treatment.

The hospital is capable of handling 40 patients and conduct robotic surgery of appendix, anal, hernia repair, procedures for colonic and rectal cancers, stoma management and others.

Singapore has been the favourite investment destination for the Delhi-based hospital chain. It is building a specialty hospital in Singapore and this announced that it has acquired a majority stake in Singapore's RadLink-Asia Pte Ltd, a diagnostics and molecular imaging company, for S$62.9 million (Rs245 crore).

In November 2011, Fortis Healthcare acquired its Singapore-based arm, Fortis Healthcare International, for $665 million in cash, as part of consolidating its domestic and global operations.