IHH boosts Fortis stake, sets stage for India expansion

• IHH Healthcare completed its tender offer for Fortis Healthcare and Fortis Malar, raising its stakes to 31.17% and 62.73% respectively.
• The move aims for tighter integration and deeper synergies between Fortis and IHH's Gleneagles Healthcare India, strengthening its pan-India platform.
• Fortis is already managing five Gleneagles hospitals, facilitating operational integration and resource pooling.
• IHH plans to add 2,000 beds by 2028, expanding its India capacity to 7,000 beds across 35 hospitals.
• The completion of the tender offers removes long-standing uncertainty for IHH's India expansion plans.

Why It Matters: IHH's Fortis takeover signals major changes for India's healthcare sector.