Newsletter
Fortis Healthcare has inked a pact to acquire Bengaluru-based People Tree Hospital for ₹430 crore.
People Tree Hospital in North-West Bengaluru, NABH-accredited, offers cardiac sciences, orthopaedics, neurosciences, renal sciences, gastroenterology, and enjoys strong connectivity in a growing area.
What’s happening: IHL will buy the hospital building and land from TMI Healthcare’s promoters, plus a nearby 0.8-acre plot from another owner. This extra land lets them expand the hospital to over 300 beds.
They also plan to spend ₹410 crore over the next three years to improve the hospital with more beds, better equipment, and new services, including advanced cancer treatment.
Fortis already has a strong presence in Bengaluru as it already runs seven hospitals, and allows them to grow total capacity from about 900 beds to more than 1,500 beds.
