Fortis Shares Soar After ₹840 Cr Bengaluru Hospital Acquisition, JM Financial Upgrades

• Fortis Healthcare acquires 125-bed People Tree Hospital in Yeshwanthpur, Bengaluru, for ₹430 crore, including debt.
• The deal, through subsidiary International Hospital Ltd., includes land and an adjacent parcel for future expansion.
• Fortis plans an additional ₹410 crore investment over three years to expand capacity to over 300 beds.
• JM Financial upgrades Fortis shares to "buy" with a ₹1,093 target, citing strong growth prospects.
• Acquisition strengthens Fortis's Bengaluru presence, aiming for over 1,500 beds from current 900.

Why It Matters: Fortis Healthcare's strategic ₹840 crore Bengaluru acquisition boosts its market presence and stock outlook.