Monday, February 2, 2009

Fortis Healthcare buys 56% stake in Apollo RM Hospital


Hospital chain Fortis Healthcare through one of its wholly-owned subsidiaries has picked up 56% stake in the Bangalore-based Apollo RM Hospital for an undisclosed amount.

Apollo RM, which started in 2007 as a franchisee of Apollo Hospital, the country's largest hospital chain is a 100-bed multi-specialty hospital.

Sources revealed that Fortis acquired the majority stake for a little less than Rs 10 crore.

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