Fortis Healthcare Acquires Bengaluru's People Tree Hospital for Rs 430 Cr, Plans Expansion

• Fortis Healthcare will acquire People Tree Hospital in Yeshwantpur, Bengaluru, for Rs 430 crore ($48.01 million).
• The acquisition will be executed by its wholly owned subsidiary, International Hospital, through a 100% acquisition of TMI Healthcare.
• Fortis plans an additional investment of Rs 4.1 billion over the next 3 years into the acquired facility.
• The deal strengthens Fortis's position in the South Indian healthcare market and aims to enhance revenue and profitability.
• Fortis intends to invest Rs 7 billion in hospital expansion across India over four years, including Bengaluru, Mumbai, NCR, and Punjab.

Why It Matters: Fortis expands South India presence with Rs 430 crore People Tree Hospital acquisition and future investments.