Fortis Healthcare NSE 0.04 % Tuesday said it has completed the acquisition of RHT Health Trust (RHT) assets.
In February last year, Fortis had announced that it has entered into definitive agreements with RHT to acquire entire portfolio of assets of the Singapore-listed entity for an enterprise value of Rs 4,650 crore.
“The company has today consummated the transaction by acquisition of relevant sale securities and payment of required consideration,” Fortis Healthcare Ltd said in a regulatory filing.
Consequently, International Hospital Ltd, Fortis Health Management Ltd, Escorts Heart and Super Speciality Hospital Ltd, Hospitalia Eastern PVT Ltd and Fortis Hospotel Ltd have become wholly-owned subsidiaries of the company, it added.
The transaction was approved by an overwhelming majority of Fortis shareholders with voting in favour of the transaction in excess of 99 per cent, the company said.
“The transaction is beneficial and will be value accretive for the company and its shareholders as it would save significant clinical establishment fees that Fortis currently pays,” it added.
