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Singapore: Fortis bids to acquire RHT

India’s Fortis Healthcare has bid Rs46.5 billion (US$710.7 million) to acquire the entire asset portfolio of RHT Health Trust, the first business trust listed on the Singapore stock exchange with a portfolio comprising healthcare assets in India.

This includes all of RHT’s Indian subsidiaries, its 49% interest in Fortis Hospotel and the entire asset portfolio of RHT, which includes its interests in 12 clinical establishments, four greenfield clinical establishments and two operating hospitals in India.

RHT has entered into a term sheet with Fortis which provides for a sixty day period to negotiate exclusively with each other.

RHT has appointed Merrill Lynch as exclusive financial advisor.

Posted on: 15/11/2017 UTC+08:00


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