Fortis Healthcare has inked definitive agreements in relation to the acquisition of all the securities of clinical establishments and businesses indirectly held by RHT Health Trust (RHT), listed in Singapore. This is pursuant to the announcement made in November 2017 wherein the Board of Directors of Fortis Healthcare had approved a major restructuring initiative aimed at consolidating the entire Indian asset portfolio (12 Clinical Establishments, 4 Greenfield Clinical establishments and 2 Operating Hospitals).
The proposed transaction involves the acquisition of all the securities of RHT's entities in India holding (directly or indirectly) clinical establishments and businesses via a purchase of securities for an enterprise value of around Rs 4,650 crore. This includes around Rs 1,152 crore of debt which will be repaid.
Fortis Healthcare is an integrated healthcare delivery service provider in Asia. The healthcare verticals of the company span primary care, diagnostics, day care specialty and hospitals, with a healthcare network spanning 9 countries.