The see-saw movement in Fortis Healthcare Ltd’s shares in the past two days should be enough to send investors’ blood pressure soaring. Why would Fortis willingly shift away from its asset-light strategy, one that has become popular among most hospital chains? After so many years, one would have thought investors should have become comfortable with the business structure. In fiscal year 2013, Fortis sold a pool of hospital assets to the business trust. The return of assets back into Fortis may then be a necessary precursor to a transaction.

Source: Mint November 17, 2017 01:52 UTC