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Fortis Healthcare board has given green signal for the acquisition of the entire portfolio of RHT Health Trust (RHT), a Singapore listed firm for approx Rs.4,650 crore.
This acquisition will be a part of restructuring initiative, focused at consolidating the entire Indian asset portfolio and it consist of various clinical establishments and two operating hospitals of RHT Health Trust into Fortis.
As per Fortis, “Fortis and RHT have inked a pact proposing the acquisition of all the securities of RHT’s entities in India holding, clinical entities and businesses via purchase of securities for an enterprise value of around Rs 4,650 crore.”
Further it added that, this proposed acquisition includes Rs.1,152 crore of debt of RHT as on date.
