Bigger India
India’s Fortis Healthcare rules out Chinese and Malaysian bids
Board decides to consider only binding offers from local groups Manipal and Hero-Dabur
Indian hospital group Fortis Healthcare, seeking a quick sale, decided Thursday to consider buyout offers from TPG-backed Manipal Group and a joint bid by Hero Enterprises and Dabur India, while leaving IHH Healthcare of Malaysia and China’s Fosun International out of the running.
India’s second-largest hospital chain has become the focus of a takeover battle among Asian groups seeking to expand their health care businesses.