TPG and General Atlantic join to acquire India's Fortis
04-May-17, ET Healthworld
Private equity heavyweights TPG and General Atlantic have joined forces in a bid to acquire a controlling stake in Fortis Healthcare from its promoters Malvinder and Shivinder Singh.
%20ET%20Healthworld.jpg "TPG and General Atlantic join to acquire Indias Fortis (c) ET Healthworld")
Image: ET Healthworld
The deal, if and when concluded, will also involve the purchase of the diagnostics arm SRL. IHH Healthcare, Asia’s largest healthcare group, is the other serious contender in the fray.
Fortis is India’s second-largest hospital chain by market value.