Deals
Fortis Healthcare Offers $711 Million to Buy RHT Health Assets
- Singapore-listed RHT’s assets include India hospitals, clinics
- Fortis, RHT agree on 60-day timeframe for exclusive talks
The logo for Fortis Healthcare India Ltd.'s Renkare dialysis clinic is displayed at the clinic's reception area in New Delhi, India.
Photographer: Prashanth Vishwanathan/This article is for subscribers only.
Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, offered to buy all assets of its Singapore-listed trust RHT Health Trust for 46.5 billion rupees ($711 million). Shares of the health trust climbed the most on record.
Fortis will acquire all of RHT’s Indian subsidiaries, a 49 percent interest in Fortis Hospotel Ltd., and the entire asset portfolio of RHT, which includes clinics and hospitals in India, according to a filing to the Singapore Exchange Wednesday.