Fortis Healthcare Limited (FHL) is an Indian multinational chain of

private hospitals A private hospital is a hospital not owned by the government, including for-profits and non-profits. Funding is by patients themselves ("self-pay"), by insurers, or by foreign embassies. Private hospitals are commonly part, albeit in varying degr ...

headquartered in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. Fortis started its health care operations from

Mohali Mohali, officially known as Sahibzada Ajit Singh Nagar, is a planned city in the Mohali district in Punjab (India), Punjab, India, which is an administrative and a commercial hub lying south-west of Chandigarh. It is the headquarters of the Moh ...

Punjab Punjab (; Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the Indian subcontinent, comprising ...

, where the first Fortis hospital was started. Later on, the hospital chain purchased the healthcare branch of

Escorts group Escorts Kubota Limited formerly Escorts Limited is an Indian multinational Conglomerate (company), conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment. Its headq ...

and increased its strength in various parts of the country. The Escorts Heart and research Center,

Okhla Okhla is a suburban village located near Okhla barrage in the South East Delhi district of Delhi near the border between Delhi and Uttar Pradesh. Its nearest industrial area called commonly as Okhla Industrial Area (OIA) or Okhla Industrial Est ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...

became a major operating unit of the chain. Dr. Tehran, the current MD of

Medanta Global Health Limited, d/b/a Medanta, is an Indian hospital chain based in Gurgaon, India. The chain was started in 2009 by cardiac surgeon Naresh Trehan and Sunil Sachdeva. History In 2004, cardiac surgeon Naresh Trehan began working on Me ...

and several others have started their career from this institute. The Fortis Memorial research Institute (FMRI) hospital at

Gurgaon Gurgaon (pronunciation: �ʊɽɡãːw, officially named Gurugram (pronunciation: �ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...

is the headquarter and flagship hospital of Fortis healthcare with all the major facilities at the hospital. It was named as 23rd smart hospital in the world for the year 2021. FMRI was also named as 22nd best hospital in the country for the year 2022 by Newsweek. Apart from Fortis Escorts Okhla, & FMRI, Fortis healthcare has other units in Delhi NCR as well which includes Fortis Hospital

Faridabad Faridabad is the most populous city in the Indian state of Haryana and a part of Delhi National Capital Region. It is one of the major satellite cities around Delhi and is located 284 kilometres south of the state capital Chandigarh. The ri ...

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

Vasant Kunj Vasant Kunj is a posh neighbourhood located in South West Delhi district, Delhi, India. Its nearest Metro Station is Vasant Vihar metro station. The area is home to several prominent personalities, one being the former prime minister of India, ...

Shalimar Bagh (Delhi) North West Delhi is an administrative district of the National Capital Territory of Delhi in India. Geography North West Delhi is bounded by the Yamuna River on the northeast, and by the districts of North Delhi to the east and southeast, West De ...

and at several other places in the country. Currently, the company operates its healthcare delivery services in India,

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

and

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

with 36 healthcare facilities. Malaysia's

IHH Healthcare IHH Healthcare Berhad () is an international private healthcare group focused on upmarket health services, and is Asia's largest private healthcare group. It offers a full spectrum of integrated healthcare services from clinics to hospitals to ...

became the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held at Mohali. The board approved the allotment of over 230 million shares through preferential issue to Northern TK Venture Pte Ltd, a wholly owned indirect subsidiary of IHH Healthcare, at ₹170 per share of ₹10 face value.

Other information

In 2018, Manipal Hospitals and

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth c ...

acquired Fortis Healthcare Limited as part of a deal for 39,000 million. In 2019, Fortis Healthcare announced that it had completed the acquisition of RHT Health Trust (RHT) assets for an enterprise value of 46,500 million. In the same financial year, Fortis reported a consolidated net profit of 780.10 million for the quarter ended 30 June. Fortis is also a component of the S&P BSE 500.

References

External links

* Hospitals in Haryana Hospital networks in India 2018 mergers and acquisitions Hospitals in Chennai 1996 establishments in Tamil Nadu Indian companies established in 1996 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange {{India-company-stub

Other information

See also

References

External links