Acquisitions20 Dec 2025, 05:31 am
Fortis Healthcare Acquires TMI Healthcare for INR 430 Crores, Expanding Bengaluru Network
AI Summary
Fortis Healthcare Ltd, a leading healthcare provider, has signed definitive agreements to acquire TMI Healthcare Private Limited through a share purchase agreement. The acquisition also includes the underlying hospital land and building, and an adjacent land parcel. The total deal consideration is INR 430 Crores. The acquisition is in line with Fortis' cluster-focused growth strategy, aiming to expand, scale up, and deliver quality healthcare services in Bengaluru.
Key Highlights
- Fortis Healthcare to acquire TMI Healthcare Private Limited for INR 430 Crores.
- The acquisition includes the underlying hospital land and building, and an adjacent land parcel.
- The acquisition aligns with Fortis' cluster-focused growth strategy in Bengaluru.
- TMI Healthcare is a multi-specialty healthcare provider with a significant presence in Bengaluru.
- The transaction is expected to be completed by the end of January 2026.