Fortis Healthcare
Manipal-TGP steps in again with sweetened offer for Fortis Healthcare
15 May 2018
After Fortis Healthcare announced last week it planned to accept an offer from Hero Enterprise Investment Office and the Burman Family Office, the Manipal-TGP combine has stepped in again with an offer of Rs180 per share
Fortis Healthcare accepts investment offer of Rs. 1,800 cr from Hero-Burman
11 May 2018
It is unclear as to who will run the hospital chain, as neither Dabur nor the Hero group have any previous experience in managing hospitals, unlike rival hospital group or Manipal TPG, Radiant LifeCare or Malaysia's IHH, all of whom were in the fray for Fortis
After IHH and Hero-Burman, Manipal-TPG too sweetens offer for Fortis
07 May 2018
Manipal Health Enterprises, backed by US PE firm TPG, has revised its offer for Fortis Healthcare, now proposing a merger of both entities in a three-step deal that values the Fortis at Rs8,358 crore or around Rs160 per share
Fortis to consider all binding bids till 1 May; Manipal gets extra leeway
28 Apr 2018
The Fortis Healthcare board will meet on 10 May to consider all binding bids till 1 May, while the frontrunner, the Manipal Health Enterprises-TPG combine, will be allowed to revise its offer till 6 May
IHH, KKR submit binding bids for Fortis, Manipal revises bid
25 Apr 2018
IHH has offered to infuse Rs650 crore immediately into Fortis Healthcare, while Radiant-KKR has offered to purchase Fortis Mulund for Rs1,200 crore without any due diligence, and Manipal-TPG submitted a revised offer which includes a premium of Rs1,319 crore
China's Fosun enters race for Fortis Healthcare with $350 mn offer
18 Apr 2018
Fosun said it will consider a primary infusion of up to Rs2,300 crore ($350 mn), with Rs100 crore flowing in within 45 days, once Fortis agrees to a one-month period of exclusivity for Fosun to undertake due diligence and negotiate a proposal to acquire stake in the company
IHH out of race for Fortis as board refuses to weigh offer
16 Apr 2018
Malaysia’s IHH Healthcare Bhd said today India’s Fortis Healthcare Ltd has declined to engage with the company regarding a takeover offer, which indicates that the Manipal Health Enterprises-TPG Capital combine is virtually certain to win Fortis
Hero’s Munjals and Dabur’s Burmans propose joint investment in Fortis
13 Apr 2018
Fortis Healthcare has received an unsolicited binding offer jointly from Sunil Munjal’s Hero Enterprise and the Burmans of Dabur to invest Rs1,250 crore directly in the company through a preferential allotment
Malaysia’s IHH plans to outbid Manipal Hospitals for Fortis: report
12 Apr 2018
Malaysian investment holding firm IHH Healthcare Bhd plans to bid for India's Fortis Healthcare Ltd at a price marginally better than Manipal Hospitals Enterprises Pvt Ltd's offer, Bloomberg reported today citing people aware of the matter
