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Last 190.05 INR
Change Today -1.25 / -0.65%
Volume 1.2M
As of 7:05 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

fortis healthcare ltd (FORH) Snapshot

Open
191.00
Previous Close
191.30
Day High
192.00
Day Low
188.00
52 Week High
07/17/15 - 194.50
52 Week Low
12/16/14 - 100.25
Market Cap
88.0B
Average Volume 10 Days
1.1M
EPS TTM
-3.11
Shares Outstanding
462.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTIS HEALTHCARE LTD (FORH)

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fortis healthcare ltd (FORH) Details

Fortis Healthcare Limited owns, manages, and operates a network of multi-specialty hospitals. Its healthcare verticals comprise hospitals, diagnostics, and day care specialty facilities. The company offers healthcare services in the areas of cardiac care, orthopedics, neurosciences, oncology, renal care, metabolic diseases care, mother and child care, urology, pulmonology, and gastroenterology. As of March 31, 2014, it operated a network of 66 healthcare facilities, approximately 10,000 beds, 281 laboratories, and 5,800 collection points in India, Singapore, Dubai, Mauritius, and Sri Lanka. The company was incorporated in 1996 and is based in Gurgaon, India. Fortis Healthcare Limited is a subsidiary of Fortis Healthcare Holdings Private Limited.

Founded in 1996

fortis healthcare ltd (FORH) Top Compensated Officers

Executive Chairman, Member of Human Resources...
Total Annual Compensation: 52.2M
Executive Vice Chairman, Managing Director an...
Total Annual Compensation: 52.2M
Compensation as of Fiscal Year 2014.

fortis healthcare ltd (FORH) Key Developments

Fortis Healthcare Limited Appoints Bhavdeep Singh as its New CEO, Effective July 24, 2015

Fortis Healthcare Limited appointed Mr. Bhavdeep Singh as its new CEO effective July 24, 2015. Prior to his coming Fortis, Bhavdeep was most recently with Ahold.

Hinduja-Everstone Consortium Reoprtedly In Race to Buy CARE Hospitals

P. D. Hinduja National Hospital & Medical Research Centre and Everstone Capital Management has joined the race to acquire the CARE Hospitals Private Limited, according to three people in know of the matter. The Hinduja-Everstone consortium has submitted a bid to acquire 72% stake in CARE in the range of approximately $252 million or INR 16 billion. A consortium of Netcare Limited. (JSE:NTC), Bain Capital Private Equity, Baring Private Equity Asia, IHH Healthcare Berhad (KLSE:IHH) and a West Asia-based hospital chain are alos potential bidders. In April, Reuters had reported that Advent International Corporation is in talks with The Carlyle Group LP (NasdaqGS:CG), IHH Healthcare, Manipal Health Enterprises Private Limited and Fortis Healthcare Limited (BSE:532843) to sell its 72% stake in CARE Hospitals for $250-$300 million. The spokespersons at Hinduja Group and Everstone declined to comment. Advent spokesperson said the firm has no comment to offer. A Bain Capital spokesperson refused to comment while a mail sent to Netcare did not elicit any response.

Advent Reportedly Initiating Sale Of Care Hospitals

Advent International Corporation is planning to initiate the process of selling its 72% stake in Care Hospitals in the next 4-6 weeks, according to sources in the know, reported Business Standard. The sale will happen through an open bidding process and is expected to see participation from 5-6 established players, according to sources. The list of potential interested buyers includes The Carlyle Group LP (NasdaqGS:CG), Netcare Limited. (JSE:NTC), Fortis Healthcare Limited (BSE:532843), Baring Private Equity Asia, CARE Hospitals Private Limited, IHH Healthcare Berhad (KLSE:IHH) among others. Advent was expecting an enterprise valuation of around $300 million for its stake, effectively valuing Care Hospitals at $400 million. It is learnt from sources Advent was also contemplating the option of maintaining a partial stake in Care Hospitals. However, its decision depends on the nature of the bid, source said. An email response to Advent International seeking confirmation said, "the company offers no comment". Care Hospitals' Chief Executive Officer Dilip Jose also declined to comment, reported Business Standard.

 

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FORH:IN 190.05 INR -1.25

FORH Competitors

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Company Last Change
KPJ Healthcare Bhd 4.32 MYR -0.04
Phoenix Healthcare Group Co Ltd $12.26 HKD -0.20
Raffles Medical Group Ltd $4.64 SGD -0.02
Samitivej PCL 308.00 THB +1.00
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Industry Analysis

FORH

Industry Average

Valuation FORH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.1x
Price/Book 2.1x
Price/Cash Flow 71.8x
TEV/Sales 1.4x
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