Healthcare
EGM may decide successful bidder for Fortis Healthcare
22 May 2018
Three directors nominated by promoters quit the company's board a day ahead of EGM on May 22 amidst talks of an MCA-initiated probe into the working of the company
Jharkhand to get an AIIMS hospital at Deoghar
16 May 2018
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
Genomics is disrupting the healthcare sector
07 May 2018
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
Dr Kafeel Ahmad Khan granted bail
26 Apr 2018
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
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