Deals
Fortis Healthcare Said to Consider Buyout of Singapore Trust
- Fortis considers bringing in new investor to fund take-private
- IHH vies with buyout firms to invest in hospital operator
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Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said.
The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market value of S$726 million ($520 million), according to the people. Deliberations on the potential take-private deal are at an early stage, and Fortis Healthcare could decide not to proceed with a bid, the people said, asking not to be identified because the information is private.