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IHH Healthcare proposes bid of US$1.3b for Fortis Healthcare

With a TPG-backed consortium also eyeing Fortis, this may open a takeover battle

Published Thu, Apr 12, 2018 · 09:50 PM
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Mumbai

IHH Healthcare Bhd has proposed a potential bid of as much as US$1.3 billion for Fortis Healthcare Ltd, which tops an offer from a TPG-backed consortium, said people with knowledge of the matter.

The move opens a possible takeover battle for India's second-largest hospital chain.

Asia's largest hospital operator sent a letter to the Fortis …

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