Fortis Healthcare
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Fortis Healthcare Limited (FHL) is an Indian multinational chain of
private hospitals A private hospital is a hospital not owned by the government, including for-profits and non-profits. Funding is by patients themselves ("self-pay"), by insurers, or by foreign embassies. Private hospitals are commonly part, albeit in varying degr ...
headquartered in
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...
. Fortis started its health care operations from
Mohali Mohali, officially known as Sahibzada Ajit Singh Nagar, is a planned city in the Mohali district in Punjab, India, which is an administrative and a commercial hub lying south-west of Chandigarh. It is the headquarters of the Mohali district. ...
,
Punjab Punjab (; Punjabi Language, Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also Romanization, romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the I ...
, where the first Fortis hospital was started. Later on, the hospital chain purchased the healthcare branch of Escorts group and increased its strength in various parts of the country. The Escorts Heart and research Center, Okhla,
Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...
became a major operating unit of the chain. Dr. Tehran, the current MD of Medanta and several others have started their career from this institute. The Fortis Memorial research Institute (FMRI) hospital at
Gurgaon Gurgaon (pronunciation: ʊɽɡãːw, officially named Gurugram (pronunciation: ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...
is the headquarter and flagship hospital of Fortis healthcare with all the major facilities at the hospital. It was named as 23rd smart hospital in the world for the year 2021. FMRI was also named as 22nd best hospital in the country for the year 2022 by Newsweek. Apart from Fortis Escorts Okhla, & FMRI, Fortis healthcare has other units in Delhi NCR as well which includes Fortis Hospital Faridabad,
Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...
,
Vasant Kunj Vasant Kunj is a posh neighbourhood located in South West Delhi district, Delhi, India. Its nearest Metro Station is Vasant Vihar metro station. The area is home to several prominent personalities, one being the former prime minister of Indi ...
, Shalimar Bagh (Delhi) and at several other places in the country. Currently, the company operates its healthcare delivery services in India,
Dubai Dubai (, ; ar, wikt:دبي, دبي, translit=Dubayy, , ) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 ...
and
Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...
with 36 healthcare facilities. Malaysia's
IHH Healthcare IHH Healthcare Berhad () is an international private healthcare group focused on upmarket health services, and is Asia's largest private healthcare group. It offers a full spectrum of integrated healthcare services from clinics to hospitals to ...
became the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held at Mohali. The board approved the allotment of over 230 million shares through preferential issue to Northern TK Venture Pte Ltd, a wholly owned indirect subsidiary of IHH Healthcare, at ₹170 per share of ₹10 face value.


Other information

In 2018, Manipal Hospitals and TPG Capital acquired Fortis Healthcare Limited as part of a deal for 39,000 million. In 2019, Fortis Healthcare announced that it had completed the acquisition of RHT Health Trust (RHT) assets for an enterprise value of 46,500 million. In the same financial year, Fortis reported a consolidated net profit of 780.10 million for the quarter ended 30 June. Fortis is also a component of the S&P BSE 500.


See also

*
Healthcare in India India has a multi-payer universal health care model that is paid for by a combination of public and private health insurance funds along with the element of almost entirely tax-funded public hospitals. The public hospital system is essential ...
* Manipal Hospitals India * Medanta


References


External links

* Hospitals in Haryana Hospital networks in India 2018 mergers and acquisitions Hospitals in Chennai 1996 establishments in Tamil Nadu Indian companies established in 1996 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange {{India-company-stub