Deals24 Nov 2023, 09:21 pm
Fortis Malar Hospitals to sell its Chennai hospital to MGM Healthcare for INR 45500 million
AI Summary
Fortis Malar Hospitals Limited has entered into a Business Transfer Agreement with MGM Healthcare Private Limited for the sale of its business operations pertaining to Fortis Malar Hospital located at Chennai for a consideration of INR 45,500 million. The transaction is subject to certain conditions precedent and closing conditions, and is expected to be consummated by January 31, 2024.,
Key Highlights
- INR 45,500 million sale of Fortis Malar Hospital to MGM Healthcare
- subject to certain conditions precedent and closing conditions
- expected to be consummated by January 31, 2024