The Fortis-Manipal deal is valued at Rs15,000 crore and would take about 9-12 months for completion, Fortis Healthcare CEO Bhavdeep Singh said. The hospital business of Fortis is valued at Rs95-97 per share, or about Rs5,000 crore, and Manipal Hospital at Rs6,000 crore. This is despite the fact that Fortis Healthcare has more than twice the number of hospitals and operational beds than Manipal. If you look at Fortis, with some internal issues, primarily driven by promoter group issues, it has been a struggle. Calling it a big day for Fortis and Manipal Hospital, Singh said, “It is a fantastic step being taken.

Source: Mint March 28, 2018 22:41 UTC