Fortis Healthcare

MUMBAI (Mar 26): A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said.

SINGAPORE (Mar 20): The Economic Times reported that IHH Healthcare is set to launch a voluntary open offer for Fortis Healthcare. This comes nine months after walking out of bilateral talks with promoters Malvinder and Shivinder Singh who were then in co

SINGAPORE (Feb 14): CIMB is leaving its DPU estimates of RHT Health Trust unchanged and maintaining its "hold" call with 92 cents target price pending further details on the transaction in the upcoming circular.

SINGAPORE (Feb 13): RHT Health Trust's trustee-manager and related parties have provided details of the sale of its entire asset portfolio to Fortis Healthcare which was first announced on Nov 15.

(Jan 5): Fortis Healthcare is seeking a cash injection of as much as US$790 million ($1.05 billion) as part of its billionaire founders’ talks to sell their stake in India’s second-largest private hospital chain.

SINGAPORE (Nov 16): DBS and CIMB are sticking to their “hold” calls on RHT Health Trust after receiving a proposed offer from Fortis Healthcare to buy out all of RHT’s assets.

SINGAPORE (Nov 15): The trustee-manager of RHT Health Trust has declared a 2Q18 DPU of 1.14 cents, down 6.5% from the DPU of 1.22 cents declared in 2Q17, on the back of higher costs from refinancing-related activities and higher interest costs.

SINGAPORE (March 28): Fortis Healthcare, the major shareholder RHT Health Trust, assured the trustee-manager that Bloomberg’s article that it was planning a buyout of the Singapore-listed trust, was “speculative”.

(March 27): Fortis Healthcare, India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said.