Fortis Healthcare is in talks to buy a majority stake in Hyderabad-based Care Hospitals, which will help the group build its presence in south India and bridge the gap with rival and India’s largest healthcare chain Apollo Hospitals , said three people familiar with the development.
Fortis is in discussions with a few minority investors including ace investor Rakesh Jhunjhunwala, UKbased fund Ashmore and Matrix Laboratories founder N Prasad, who together own around 50% of the hospital, to buy their stake. This 50% could cost over Rs 300 crore.
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