Fortis Healthcare Limited is set to acquire Jalandhar’s Shrimann Superspeciality Hospital for $53 million, aiming to enhance its operational capacity and service offerings in Punjab.

Information on the Target

Fortis Healthcare Limited is poised to acquire Shrimann Superspeciality Hospital, a multi-specialty hospital located in Jalandhar, Punjab, for approximately $53 million (INR 462 crores) through a slump sale. This acquisition encompasses the entire business operations, the hospital building, land, and an additional land parcel for potential future expansion. Shrimann Hospital currently operates with a capacity of 228 beds, of which 191 are actively in use.

Established in 2018, Shrimann Superspeciality Hospital is accredited by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and provides essential medical services in key specialties such as Cardiac Sciences, Nephrology, General and Laparoscopic Surgery, Neuro Sciences, Oncology, and Gastroenterology. For the fiscal year 2024-25, the hospital is anticipated to generate revenue of INR 154 crores with an EBITDA of INR 36 crores.

Industry Overview in Punjab

The healthcare sector in Punjab has been witnessing significant growth, driven by increasing population and rising demand for quality healthcare services. The state government has also been investing