BANGALORE: Fortis Healthcare Limited on Sunday announced the successful completion of the Rs 909-crore acquisition of Wockhardt Hospitals on Saturday. With the addition of the 10 Wockhardt hospitals, Fortis will now have six hospitals in Bangalore, four in Mumbai and three hospitals in Kolkata.
This acquisition is in line with Fortis’s strategy of deep penetration in key metro cities.
Two of the acquired Wockhardt Hospitals have the coveted JCI (Joint Commission International) accreditation.
With this Fortis now has 3 JCI accredited hospitals in its network.
Shivinder Mohan Singh, Managing Director, Fortis Healthcare, said: “Fortis is now poised to leverage its national footprint and leadership position to take healthcare delivery in India to another level. We will be able to demonstrate the benefit of scale to our customers through quality, cost and accessibility.” With the closure of the deal, the Fortis network now spreads to 39 hospitals across the country. The acquisition has enhanced Fortis’ footprint in Southern, Western and Eastern India.
Vishal Bali, who will continue to be the CEO, Fortis Hospitals, said, “We are excited to be part of the Fortis Group and look forward to sharing the expertise of the combined network to better serve the patients.”