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Kauvery Hospitals acquires Fortis Hospital in Vadapalani

Kauvery Hospitals acquires Fortis Hospital in Vadapalani
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Kauvery Hospitals acquires Fortis Hospital, Vadapalani and is now 2nd largest Chain of Hospitals in Chennai

Kauvery Hospitals acquires Fortis Hospital, Vadapalani and is now 2nd largest Chain of Hospitals in Chennai
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Fortis Healthcare sells Chennai hospital to Kauvery for Rs 152 crore

Fortis Healthcare has signed definitive agreements with Kauvery Group of Hospitals for the sale of its hospital business operations in Vadapalani, Chennai, for Rs.152 crore ($20.4 million). The deal will be an all-cash transaction and is expected to conclude by the end of July 2023. The divestment enables Fortis to continue its portfolio rationalisation plan and to focus on deepening its presence in select clusters.

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Business News | Kauvery Hospitals Acquires Fortis Hospital, Vadapalani and is Now 2nd Largest Chain of Hospitals in Chennai

Business News | Kauvery Hospitals Acquires Fortis Hospital, Vadapalani and is Now 2nd Largest Chain of Hospitals in Chennai
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Fortis to sell Vadapalani hospital operations to Sri Kauvery Medical Care

Fortis Vadapalani: The transaction will be an all-cash deal and is estimated to be consummated by the end of July 2023, subject to certain conditions as stipulated in the definitive agreements

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