Fortis Healthcare has signed a definitive agreement to acquire the People Tree Hospital in Bengaluru, enhancing its presence in a rapidly growing healthcare market.

Target Information

The target for this deal is Fortis Healthcare, a prominent healthcare provider in India. Recently, the company has entered into a definitive agreement to acquire the People Tree Hospital (PTHY), a 125-bed facility located in Yeshwantpur, Bengaluru. This acquisition underscores Fortis Healthcare's strategy to enhance its operational footprint and services in the Bengaluru area, which is known for its growing healthcare demands.

Fortis Healthcare operates an extensive network of hospitals, diagnostics, and daycare specialty facilities across the nation. With a commitment to offering high-quality medical services, Fortis has established itself as a trusted name in the Indian healthcare sector.

Industry Overview

The Indian healthcare industry has witnessed substantial growth in recent years, driven by a combination of increasing healthcare demands, technological advancements, and government in