Fortis Healthcare
chain of hospitals in India
Fortis Healthcare Limited is an Indian for-profit private hospital network headquartered in Gurgaon.
The Fortis Memorial Research Institute (FMRI) in Gurgaon serves as the headquarters for Fortis Healthcare. In addition to its Gurgaon facility, Fortis Healthcare operates hospitals in the Delhi NCR, including locations in Faridabad, Noida, Vasant Kunj, and Shalimar Bagh, along with other facilities across India, Dubai, and Sri Lanka. The company currently manages 36 healthcare facilities.
History
Fortis Healthcare was founded in 1996 as an offshoot of the pharmaceutical company Ranbaxy Laboratories. It began operating in Mohali, Punjab, where its first hospital was established. It later expanded by acquiring the healthcare division of Escorts Group, including the Escorts Heart and Research Center, Okhla, Delhi.
In February 2018, founders Malvinder Singh and Shivinder Singh resigned from the board of Fortis Healthcare following allegations that they had siphoned $78 million out of the company. A month earlier, the Delhi High Court had upheld a 2016 Singapore arbitration tribunal order against the Singh brothers to pay ₹3,500 crore ($550 million) in damages to Daiichi Sankyo for misrepresenting information during the sale of Ranbaxy Laboratories.
In March 2018, Manipal Hospitals and TPG Capital offered to buy out Singh brothers' stake in Fortis Healthcare for ₹3,900 crore.
Begin with the source’s own compact description: “Fortis Healthcare” is chain of hospitals in India. The dossier treats that line as a proposition to test through Fortis, Healthcare and chain, not as a finished interpretation.
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This entry incorporates text from “Fortis Healthcare” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.