Fortis Health May Counter Khazanah Bid for Parkway, Economic Times Says

Fortis Healthcare Ltd. may counter Khazanah National Bhd.’s bid to gain control of Parkway Holdings Ltd., the Economic Times reported without saying where it obtained the information. Fortis is India’s second-largest publicly traded hospital chain.

Khazanah has offered S$3.78 a share in cash for 313 million shares of Singapore-based Parkway, Asia’s largest hospital operator, seeking to expand its stake to 51.5 percent from 23 percent.

Fortis, which owns 25.3 percent of Parkway, is discussing financing options with Government of Singapore Investment Corp., which owns a 6.58 percent stake in the Indian company, the report said.

To contact the reporter on this story: V. Ramakrishnan in Mumbai at rvenkatarama@bloomberg.net.

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