Gurugram: Fortis Healthcare has acquired the 110-bed Suguna Hospital in Rajajinagar, Bengaluru, for approximately Rs 277 crore through a slump sale from, inter alia, Suguna Ramaiah Hospitals Private Limited.
The acquisition was undertaken by Fortis’ wholly-owned subsidiary International Hospital Limited (IHL) with the transaction being completed on October 28.
“As part of the transaction, IHL will acquire the entire business operations of Suguna Hospital, along with the underlying hospital land and building. The transaction, structured as an all-cash deal is in line with the Company’s cluster-focused inorganic growth strategy and further bolsters Fortis’ network in the city of Bengaluru,” the corporate hospital chain said.
Suguna Hospital is located on Dr Rajkumar Road, Rajajinagar in North-West Bengaluru and has a potential to expand to approximately 150 beds. In FY26, the hospital reported revenue of approximately Rs 50 crores.
With the acquisition, Fortis has approximately 500 potential beds across the North-West Bengaluru corridor.
Dr Ashutosh Raghuvanshi, MD & CEO of the Company, said, “This acquisition expands our presence in the city and specifically in the North West Bengaluru corridor which we believe is an underserved catchment. With Suguna hospitals in our portfolio, we now have ~1000 operational beds in the city including our O&M facilities; reinforcing our strategy of expanding and deepening our presence in our focused clusters. We foresee significant opportunities to leverage our existing network and drawing from scale and synergy efficiencies to optimize operations, while further strengthening our clinical capabilities and brand presence”
