ShareThisFortis Healthcare acquisition of Wockhardt Hospitals will add 1,902 beds to the second largest Hospital Chain of the country , taking its capacity to 5,180 across 38 hospitals, and expands its presence in western, southern and eastern India.
"This acquisition allows Fortis Healthcare to have a national presence ... it significantly strengthens and enlarges the critical infrastructure and our understanding of patients along the country," Malvinder Singh, the chairman of Fortis Healthcare, said at a press briefing.
Meanwhile earlier is the day Wockhardt Hospitals, India’s leading Super Speciality Hospitals Group, today announced the signing of an agreement to divest 8 hospitals including 4 super speciality hospitals, 3 satellite hospitals and 1 medical institute, in Mumbai, Bengaluru and Kolkata to Fortis for Rs. 909 crore. The agreement also includes 1 hospital still under construction in Kolkata and 1 in Peenya in Bangalore
The deal between Fortis and Wockhardt is seen as the biggest Healthcare acquisition in the country and is set to be completed in December, includes 8 operational hospitals in Mumbai, Bangalore and Kolkata, and two that are under construction, along with 2,700 total staff, Vishal Bali, chief executive of Wockhardt Hospitals said.
Wockhardt Hospitals in Bannerghatta, Bengalore and Mulund ,Mumbai has a JCI accreditation. For the past 3 years in a row, Wockhardt Hospitals have won accolades at the Asian Hospital Management Awards in the Patient Safety / Quality Medical Care Projects category. Wockhardt Hospitals has now become a treatment destination for patients from the US, UK and other European countries besides South Asia, South East Asia, Middle East and Africa.
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