NSEPress Release3 Jul 2026 · 3 Jul 2026, 05:35 pm
Press Release
Fortis Healthcare Limited · FORTIS
✦ AI Summary▲ PositiveExpansion
Fortis Healthcare has signed an Operations and Management (O&M) agreement with Dion Group for a 300-bed multi-specialty hospital in Cuttack, Odisha.
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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
Fortis Healthcare Limited has informed the Exchange regarding a press release dated July 03, 2026 titled "Fortis Healthcare Enters Odisha; Signs O&M Agreement with Dion Group for 300-Bed Multi-Specialty Hospital in Cuttack".
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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
July 3, 2026
FHL/SEC/2026-27
The National Stock Exchange of India Ltd. BSE Limited
Scrip Symbol: FORTIS Scrip Code:532843
Sub: Press Release under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015
Dear Madam/Sir,
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulation, 2015, please find enclosed herewith the press release titled “Fortis Healthcare Enters Odisha; Signs
O&M Agreement with Dion Group for 300-Bed Multi-Specialty Hospital in Cuttack”.
The date and time of occurrence of event is July 3, 2026 at 12:30 PM.
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
MEDIA RELEASE
Fortis Healthcare Enters Odisha; Signs O&M Agreement with Dion
Group for 300-Bed Multi-Specialty Hospital in Cuttack
- Strategic partnership to strengthen healthcare infrastructure and improve access to
advanced medical care-
National, Jul 3, 2026: Fortis Healthcare has signed an Operations and Management (O&M) agreement
with Dion Group, one of Odisha's leading real estate and infrastructure development groups, for a 300-
bed greenfield multi-specialty hospital to be developed at Dion Riverside Township, Trishulia in Cuttack,
Odisha. Headquartered in Bhubaneswar, Dion Group has established a strong presence in the state
through landmark residential, commercial and integrated township developments and is currently
expanding its footprint across hospitality and healthcare infrastructure. Once operational, the facility will
serve as a major tertiary care destination for Odisha and neighbouring regions, bringing advanced clinical
expertise, cutting-edge medical technology, and globally benchmarked healthcare services closer to
patients.
Strategically located within the rapidly developing Cuttack-Bhubaneswar corridor, the hospital is
envisioned as a Centre of Excellence for multiple specialties and will significantly strengthen access to
advanced healthcare across Eastern India. The facility will offer comprehensive tertiary and quaternary
care services supported by advanced diagnostics, critical care infrastructure, and specialised clinical
programmes.
The collaboration marks Fortis Healthcare's first major presence in Odisha and forms part of the
Company's broader strategy to expand access to quality healthcare across the country through a
combination of brownfield expansion and inorganic growth initiatives, including operating and
management agreements and asset-light growth models.
Speaking on the collaboration, Dr. Ashutosh Raghuvanshi, Managing Director & CEO, Fortis Healthcare,
said, "We are delighted to partner with Dion Group for this important healthcare project in Odisha. The
upcoming 300-bed multi-specialty hospital will play a significant role in improving access to advanced
tertiary care services for patients across Cuttack, Bhubaneswar, and neighbouring regions. This
collaboration represents an important milestone in Fortis Healthcare's growth journey and reflects our
continued commitment to expanding high-quality healthcare infrastructure across India. We look forward
to bringing Fortis' clinical excellence, patient-centric care, and operational expertise to Odisha."
Mr. Manoj Sahoo, Promoter, Dion Group, said, "At Dion Group, our vision has always been to create
integrated communities supported by world-class infrastructure and services. As one of Odisha's leading
development groups, we are committed to contributing meaningfully to the state's growth and quality of
life. We are pleased to partner with Fortis Healthcare, one of India's leading healthcare providers, to bring
a world-class multi-specialty hospital to Odisha. This collaboration brings together Fortis' proven clinical
and operational expertise with our vision of creating modern healthcare infrastructure for the state. The
project will help address the growing demand for advanced healthcare services and provide patients
access to quality medical care closer to home."
The proposed hospital is expected to contribute significantly to the region's healthcare ecosystem by
enhancing access to specialised treatment, reducing the need for patients to travel outside the state for
complex medical care, and creating a robust platform for advanced clinical services, medical talent, and
healthcare innovation.
About Fortis Healthcare Limited
Fortis Healthcare Limited is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the
company primarily comprise hospitals, diagnostics, and day care specialty facilities. Currently, the company operates 36
healthcare facilities (including JVs and O&M facilities) across 12 states and union territories. The Company’s network comprises
over 6,000 operational beds (including O&M beds) and 400 diagnostics labs.
ABOUT IHH HEALTHCARE (“IHH”)
IHH is a leading multinational healthcare provider shaping the future of care. Driven by our aspiration to Care. For Good., we unite
medical excellence and innovation, pushing boundaries through our trusted brands such as Acibadem, Gleneagles, Fortis, Island,
Mount Elizabeth, Pantai, Parkway and Prince Court. Across 10 countries, including Malaysia, Singapore, Türkiye, India and Greater
China, our 70,000-strong team delivers world-class excellence every day, within and beyond our 140 healthcare facilities, including
more than 80 hospitals. Our comprehensive services span the full healthcare continuum, from primary and ambulatory to
quaternary care, complemented by diagnostics, imaging, rehabilitation, telehealth and home care.
In partnership with our stakeholders, IHH is advancing value-based care, building a sustainable healthcare ecosystem and creating
meaningful impact, as we work towards our vision to become the world’s most trusted healthcare services network.
www.ihhhealthcare.com
About Dion Group
DION Group is a diversified Odisha-based business conglomerate with a legacy of over 40 years in infrastructure development and
a strong presence across infrastructure, real estate, and automobile businesses. Led by Mr. Manoj kumar Sahoo, the Group has
developed several landmark residential and commercial projects, including DION Riverfront, DION Skywalk, and DION Twin
Towers, and is currently undertaking large-scale integrated township developments comprising residential, commercial,
hospitality, Health care and recreational infrastructure. With a commitment to quality, innovation, and sustainable growth, DION
Group continues to play a significant role in shaping Odisha’s urban and economic landscape.
For more information, please contact:
Fortis Healthcare Ltd. Adfactors PR
Anurag Kalra / Amit Mahendru - Investor Saadia Farrukh: +91 7838076088
Relations
saadia.farrukh@adfactorspr.com
+91-9810109253 / +91-9891094323
Fortis Healthcare Limited
Fortis Healthcare Ltd.
Head - Corporate Communications
Ajey Maharaj: +919871798573
ajey.maharaj@fortishealthcare.com