Delhi-based Fortis Healthcare, which acquired ten hospitals including two under-construction projects from Wockhardt in August this year, has decided to re-brand them as ‘Fortis Healthcare Hospitals’ after completing all acquisition related formalities that is likely to take around nine months, according to Hospitals Group CEO Vishal Bali.
The deal envisages Fortis retaining the existing management including Wockhardt Hospitals CEO Vishal Bali. The Rs 909-crore acquisition would add 1,902 beds to Fortis Healthcare’s in-patient capacity, making it one of the largest acquisition in the Indian healthcare segment.
Fortis Healthcare, controlled by the promoters of Ranbaxy Laboratories, has a network of a dozen hospitals mainly located in north India and 16 satellite and heart command centres, including one heart command centre in Afghanistan. These hospitals provide healthcare to patients in areas such as cardiac care, orthopaedics, neurosciences, oncology, renal care, gastroenterology and mother and child care.