{"id":360558,"date":"2025-12-20T20:11:08","date_gmt":"2025-12-20T20:11:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/360558\/"},"modified":"2025-12-20T20:11:08","modified_gmt":"2025-12-20T20:11:08","slug":"fortis-healthcare-to-acquire-bengalurus-people-tree-hospital-for-4-3-billion-rupees-the-mighty-790-kfgo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/360558\/","title":{"rendered":"Fortis Healthcare to acquire Bengaluru\u2019s People Tree Hospital for 4.3 billion rupees | The Mighty 790 KFGO"},"content":{"rendered":"<p>Dec 20 (Reuters) \u2013 India\u2019s Fortis Healthcare said on Saturday it will acquire People Tree Hospital in Yeshwantpur, \u200dBengaluru for 4.3 billion rupees ($48.01 million), strengthening its position in the South Indian healthcare market.<\/p>\n<p>The deal would be executed by its wholly owned subsidiary, International Hospital, through \u200ca 100% acquisition of \u200cTMI Healthcare, the entity under which People Tree Hospital operates, Fortis said in a statement.<\/p>\n<p>The hospitals operator also said it is planning \u200ban additional investment of around 4.1 billion rupees over the next \u200d3 years into the \u200bfacility.<\/p>\n<p>The acquisition provides an opportunity \u200bto strengthen its existing operations, enhance revenue \u200dand profitability, while simultaneously advancing its planned investment, according to Fortis.<\/p>\n<p>Fortis, partly owned by Malaysia\u2019s IHH Healthcare, runs 33 healthcare facilities with more than \u200d5,700 beds across 11 Indian states, according to its websites.<\/p>\n<p>The company plans to invest 7 \u200dbillion \u200drupees in the expansion of \u200bits hospitals over the next \u200bfour \u2060years, scaling up capacity in \u200cBengaluru, Mumbai, the National Capital Region and Punjab, its CEO Ashutosh Raghuvanshi told Reuters earlier in September.<\/p>\n<p>($1 = 89.5720 Indian rupees)<\/p>\n<p>(Reporting by Chandni Shah in Bengaluru; Editing by \u2060Kirsten Donovan)<\/p>\n","protected":false},"excerpt":{"rendered":"Dec 20 (Reuters) \u2013 India\u2019s Fortis Healthcare said on Saturday it will acquire People Tree Hospital in Yeshwantpur,&hellip;\n","protected":false},"author":2,"featured_media":360559,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[97,252,253],"class_list":{"0":"post-360558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health-care","8":"tag-health","9":"tag-health-care","10":"tag-healthcare"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/360558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=360558"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/360558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/360559"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=360558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=360558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=360558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}