A consortium of Manipal Health Enterprises (MHEPL) and PE firm TPG Asia have revised their offer for Fortis Healthcare, now proposing to infuse Rs2,100 crore into the company at a share price of Rs 160 per share...
Arpwood Capital to advise Fortis Healthcare on deal
Fortis HealthcareNSE 0.06 % has appointed investment banking firm Arpwood Capital Private Limited to act as its second financial advisor on offers that have come in for the company. Arpwood is expected to provide its...
The bid for Fortis may get hostile
Even as the deadline to participate in the race to acquire Fortis got over on May 1, two of the eligible four suitors have filed revised bids, valuating its stock at Rs 175-176 a share. This is much higher compared to...
Manipal-led bid for Fortis faces objections: Sources
Two major investors in Fortis HealthcareNSE 0.25 %, who have concerns over the bidding process for the cash-strapped Indian hospital operator, plan to vote against a Manipal Hospitals-led consortium if that group is...
IHH sweetens bid for Fortis, offers Rs 175 per share
Malaysian healthcare group has revised its offer for Fortis HealthcareNSE 4.13 % on the last day to submit bids that a two-member expert advisory committee will be studying to recommend a deal for the company...
KKR backed Radiant says will not revise its bid before due diligence
Private equity firm KKR backed Radiant Hospital, one of the bidders for FortisNSE 4.66 % Hospital, on Tuesday, said it won’t be revising its bid before completing the due diligence. Tuesday was the deadline for...
Munjal-Burmans bat for level playing field in Fortis bidding
Hero Enterprise and Burman Family Office today said that equal opportunity should be provided to all the parties involved in the bidding of Fortis HealthcareNSE -0.84 %. “We have just heard about the announcement...
ProMedica, Welltower in bid to acquire Quality Care Properties – sources
Nonprofit hospital network operator ProMedica and healthcare-focused real estate investment trust Welltower Inc (WELL.N) have made a $2 billion offer to buy Quality Care Properties Inc (QCP.N), the soon-to-be owner of...
Manipal-TPG submits revised bid for Fortis in run up to expert committee meet
Manipal-TPG on Tuesday submitted a revised offer to acquire Fortis HealthcareNSE 0.07 % Ltd’s hospital business and stake in its diagnostics arm, SRLNSE 0.00 %. The move comes a day before an expert committee is...
KKR-backed Radiant Life Care submits revised offer for Fortis
KKR-backed Radiant Life Care submitted a binding offer for Fortis HealthcareNSE 0.00 % on Tuesday, joining Malaysian healthcare group IHH to compete with Manipal-TPG and a joint offer from Hero Enterprise Investment...
Fresenius pulls out of Akorn takeover over data integrity
German healthcare group Fresenius SE (FREG.DE) said it had decided to pull out of its planned acquisition of Akorn (AKRX.O) after it found data integrity breaches at the U.S. generic drug maker. Fresenius agreed last...
Fortis Healthcare to consider only binding bids for hospital business
The board of Fortis Healthcare Ltd on Thursday announced the appointment of an advisory committee headed by former PwC India chairman Deepak Kapoor to evaluate binding bids received for the healthcare chain. Ruling out...
