Shares of Fortis Healthcare Ltd surged 1.5% to hit a day’s high of Rs 939.70 on 2nd September after the company announced that its wholly-owned subsidiary, International Hospitality Ltd, has signed a 15-year lease with RR Lifesciences Ltd for a 200-bed fully operational multi-speciality hospital in Greater Noida.

Fortis will now assume full operational and financial control of the hospital, integrating it into its network.

The company had been managing the hospital under an O&M (operation and maintenance) deal since October 2002. Under the new lease, it will officially run as Fortis Hospital Greater Noida.

Built on 1.35 acres of UPSIDA-leased land, the hospital has a 2.7 lakh sq. ft. built-up area. It can expand from 200 to 250 beds in the future.

The hospital is well-connected through the Greater Noida Expressway, Metro (Aqua line), Yamuna Expressway, and Eastern Peripheral Expressway. It is also 34 km away from the upcoming Jewar International Airport.

Fortis Healthcare’s MD and CEO, Ashutosh Raghuvanshi, said the focus will remain on providing high-quality, ethical, and patient-centric care. They will also explore growth opportunities.

At 11:22 AM, the shares of Fortis Healthcare were trading 1.37% higher at Rs 937.35 on NSE.

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