Fortis Healthcare Ltd. On Saturday, December 20, it said that it has entered into final agreements to acquire the 125-bed People Tree Hospital located in Yeshwanthpur area of Bengaluru. This deal will be done by TMI Healthcare Pvt. Ltd. This will be done by purchasing 100% stake of.
All final agreements related to this acquisition have been signed by International Hospital Ltd., a subsidiary of Fortis Healthcare. (IHL) has signed.
₹430 crore deal
According to Fortis Healthcare, under this transaction, IHL will not only acquire TMI Healthcare, but will also purchase the People Tree Hospital building and adjacent land. Apart from this, a piece of land adjacent to the hospital will also be acquired from an independent third party.
The total value of this entire deal is said to be ₹430 crore, which also includes the debt existing on TMI Healthcare.
Bengaluru hospitals
Fortis Healthcare said that People Tree Hospital is located in a residential catchment area in the north-west part of Bengaluru. Commercial hubs are rapidly developing in the vicinity and the hospital has good connectivity with major transportation hubs.
This hospital is NABH accredited. Major specialties like Cardiac Sciences, Orthopaedics, Neuro Sciences, Renal Sciences and Gastroenterology are available here.
more than 300 beds
Fortis Healthcare said the acquisition of 0.8 acres of nearby land will pave the way for expanding the hospital’s capacity in the future. There is a possibility of adding more than 300 additional beds through this land.
Investment of ₹410 crore
Fortis Healthcare plans to invest approximately ₹410 crore over the next three years in this facility. This investment will be used to increase bed infrastructure, upgrade medical equipment and strengthen clinical programs. It will also include facilities like radiation oncology.
Revenue and future prospects
According to Fortis Healthcare, People Tree Hospital’s current revenue in FY25 stands at around ₹74 crore. Fortis believes that this acquisition will further strengthen its operations. There will be improvement in revenue and profitability and there will be a good opportunity to carry forward the planned investment plans.
When will the deal be completed?
Fortis Healthcare said that the transaction is expected to be completed by January 2026. However, for this it will be necessary to fulfill certain conditions set in the final agreements.
Fortis’ hold in Bengaluru
Dr. Ashutosh Raghuvanshi, Managing Director and CEO of Fortis Healthcare, said that this acquisition is very important strategically. He said this will further strengthen the company’s position in the Bengaluru market, where Fortis is already present through seven facilities. These also include O&M facilities.
He also said that currently Fortis has about 900 beds in Bengaluru, which has the potential to be increased to more than 1,500 in future.
Shares of Fortis Healthcare
Shares of Fortis Healthcare closed 2.6% higher at ₹889 per share on Friday. So far in the year 2025, this stock has given a return of about 25.5%.
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