Fortis Healthcare Acquires Bengaluru's People Tree Hospital for ₹430 Cr; Shares Rise

• Fortis Healthcare acquired 125-bed People Tree Hospital in Bengaluru for ₹430 crore.
• The acquisition involves a 100% stake in TMI Healthcare Private Limited, People Tree Hospital's holding company.
• Fortis plans an additional ₹410 crore investment over three years to enhance infrastructure and expand bed capacity to over 300.
• This strategic move strengthens Fortis's presence in Bengaluru, where it already operates seven facilities.
• Fortis Healthcare shares closed up 2.61% on Friday, showing a 31.15% rise over the past year.

Why It Matters: Fortis expands its Bengaluru footprint with a strategic ₹430 Cr acquisition and significant future investment.