RHT reaches agreement to sell portfolio to Fortis

Singapore

TALKS on the sale of RHT Health Trust's assets to its controlling unitholder Fortis Healthcare have progressed further, with both sides on Feb 12 signing a master purchase agreement for Fortis to pay 46.5 billion Indian rupees (S$950 million) for the trust's entire portfolio of healthcare assets.

The consideration will be fully satisfied in cash. The news drove units of RHT Health Trust up 12 Singapore cents or 17 per cent to S$0.83.