NSEAcquisition3d ago · 28 Oct 2026, 07:10 pm
Acquisition
Fortis Healthcare Limited · FORTIS
✦ AI Summary▲ Positiveacquisition
Fortis Healthcare Limited has acquired the entire business operations of Suguna Ramaiah Hospitals Private Limited, along with the underlying hospital land and building, through its wholly-owned subsidiary International Hospital Limited. The acquisition was consummated on October 28, 2026, at a cumulative transaction value of approximately INR 277 Crores.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Fortis Healthcare Limited has informed the Exchange about Acquisition of entire business operations of Suguna Hospital, along with the underlying hospital land and building though its wholly- owned subsidiary - International Hospital Limited ("IHL")
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Fortis Healthcare Limited
Tower-A, Unitech Business Park, Block-F,
South City 1, Sector – 41, Gurgaon,
Haryana – 122 001 (India)
Tel : 0124 492 1033
Fax : 0124 492 1041
Emergency : 105010
Email : secretarial@fortishealthcare.com
Website : www.fortishealthcare.com
October 28, 2026
FHL/SEC/2026-27
The National Stock Exchange of India Ltd. BSE Limited
Scrip Symbol: FORTIS Scrip Code:532843
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Dear Madam/Sir,
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosures
Requirement) Regulation, 2015 (“SEBI Listing Regulations”), this is to inform you that International
Hospital Limited (“IHL”), a wholly-owned subsidiary of the Company, has on October 28, 2026 at 06:42
P.M. (IST), signed (i) a business transfer agreement for acquisition of the entire business and operations
of Suguna Ramaiah Hospitals Private Limited (“Suguna”) from Suguna, and (ii) a sale deed for
acquisition of the land and building of Suguna, situated at Dr. Rajkumar Road, ‘N’ Block, III Stage,
Rajajinagar, Prakashnagar, Bengaluru (“Proposed Transaction”) from one of the promoters of Suguna.
The Proposed Transaction has been consummated today, as per the closing conditions, under the terms
of the aforesaid business transfer agreement and sale deed.
The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026
dated January 30, 2026 are as enclosed in Annexure A.
Further, the press release issued in this regard, titled “Fortis acquires 110-bedded Suguna Hospital,
Rajajinagar, Bengaluru for approx. INR 277 Crs; facility provides further potential to scale up to 150 beds”
is also enclosed herewith.
This is for your information and record.
Thanking you,
Yours Sincerely,
For Fortis Healthcare Limited
Satyendra Chauhan
Company Secretary & Compliance Officer
M. No. – A14783
Encl.: as above
FORTIS HEALTHCARE LIMITED
Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062
Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933
Fortis Healthcare Limited
Tower-A, Unitech Business Park, Block-F,
South City 1, Sector – 41, Gurgaon,
Haryana – 122 001 (India)
Tel : 0124 492 1033
Fax : 0124 492 1041
Emergency : 105010
Email : secretarial@fortishealthcare.com
Website : www.fortishealthcare.com
Annexure – A
S. No. Particulars Details
a. Name of the target entity, details in Name: Acquisition of the business and
brief such as size, turnover etc.; operations of Suguna Ramaiah Hospitals
Private Limited (“Suguna”)
The shareholders of Suguna are:
i) Dr. Ramaiah Ravindra: 80.91%
ii) Mrs. Suguna Ramaiah (Mother):
14.55%
iii) Mrs. Sujatha Ravindra (Wife):
4.54%
Acquisition of the land and building of
Suguna from Dr. Ramaiah Ravindra.
Revenue from operations (for the period
ended March 31, 2026) was
INR 49,79,86,452/-
b. Whether the acquisition would fall No
within related party transaction(s)
and whether the promoter/ promoter
group/ group companies have any
interest in the entity being acquired?
If yes, nature of interest and details
thereof and whether the same is done
at “arm’s length”
c. Industry to which the entity being Healthcare services
acquired belongs
d. Objects and impact of acquisition The acquisition is in line with the Company’s
(including but not limited to, cluster-focused inorganic growth strategy and
disclosure of reasons for acquisition of further bolsters the Company’s network in the
target entity, if its business is outside city of Bengaluru. Suguna Hospital adds to the
the main line of business of the listed Company’s presence in the North West
entity Bengaluru catchment enabling the Company
to scale up and further deliver quality
healthcare services to patients in the specific
micro market and the surrounding catchment
e. Brief details of any governmental or Not applicable
regulatory approvals required for the
acquisition.
FORTIS HEALTHCARE LIMITED
Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062
Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933
Fortis Healthcare Limited
Tower-A, Unitech Business Park, Block-F,
South City 1, Sector – 41, Gurgaon,
Haryana – 122 001 (India)
Tel : 0124 492 1033
Fax : 0124 492 1041
Emergency : 105010
Email : secretarial@fortishealthcare.com
Website : www.fortishealthcare.com
f. Indicative time period for completion The transaction has been consummated
of the acquisition today.
g. Consideration -whether cash Cash consideration
consideration or share swap or any
other form and details of the same
h. Cost of acquisition and/or the price at The Proposed Transaction does not entail
which the shares are acquired acquisition of ‘shares’.
1. IHL is acquiring the business and
operations of Suguna Ramaiah Hospitals
Private Limited (“Suguna”) from
Suguna, through a business transfer
agreement.
2. IHL is acquiring the land and building on
which Suguna is situated i.e Dr.
Rajkumar Road, ‘N’ Block, III Stage,
Rajajinagar, Prakashnagar, Bengaluru
from Dr. Ramaiah Ravindra, one of the
promoters of Suguna, through a sale
deed.
The cumulative transaction value for the
Proposed Transaction is approx.
INR 277 Crores.
i. Percentage of shareholding / control Not applicable.
acquired and / or number of shares
acquired; IHL is acquiring the entire business
operations, and assets of Suguna, on a slump
sale basis, along with the land and building at
Rajajinagar, Bengaluru.
j. Brief background about the entity Suguna Hospital is a leading tertiary-care
acquired in terms of products/line of multispeciality hospital located in Rajajinagar,
business acquired, date of Bengaluru, providing healthcare services, and
incorporation, history of last 3 years was commissioned in 2006. The facility built
turnover, country in which the on approximately 1 acre of land, currently has
acquired entity has presence and any 110 operational beds with a capacity to add
other significant information (in brief) another 40 beds (approximately).
Below are the turnover details of the last three
years:
FY24: INR 49,04,50,365/-
FY25: INR 49,90,49,374/-
FY26: INR 49,79,86,452/-
FORTIS HEALTHCARE LIMITED
Regd. Office : Fortis Hospital, Sector 62, Phase – VIII, Mohali – 160062
Tel : 0172-4692222, Fax : 0172-5096221, CIN : L85110PB1996PLC045933
Press Release
October 28, 2026
Fortis acquires 110-bedded Suguna Hospital, Rajajinagar, Bengaluru for
approx. INR 277 Crs; facility provides further potential to scale up to 150 beds
Acquisition comprises business operations along with hospital land and building;
Consolidates Fortis’ position in the micromarket post the People Tree Hospital
acquisition in January this year
Deal augments Company’s cluster-focused growth strategy in Bengaluru with an
operational bed capacity of ~1000 beds at present
Gurugram, October 28, 2026: Fortis Healthcare Limited (“FHL” or “Fortis” or the “Company”),
amongst India’s leading healthcare delivery companies, today announced its acquisition of
Suguna Hospital in Bengaluru from inter alia Suguna Ramaiah Hospitals Private Limited by
way of a slump sale. The said acquisition has been undertaken by FHL’s wholly-owned
subsidiary International Hospital Limited (IHL) with the transaction being consummated today.
As part of the transaction, IHL would acquire the entire business operations of Suguna
Hospital, along with the underlying hospital land and building. The transaction, structured as
an all-cash deal is in line with the Company’s cluster-focused inorganic growth strategy and
further bolsters Fortis’ network in the city of Bengaluru.
Commissioned in 2006, Suguna Hospital is a 110-bedded facility located on Dr Rajkumar
Road, Rajajinagar in North-West Bengaluru and has a potential to expand to ~150 beds. The
hospital is strategically located in an affluent and densely populated catchment with strong
conn
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