Target Entity: Suguna Ramaiah Hospitals Private Limited ("Suguna")

Type of Deal: 100% acquisition of business operations and underlying real estate via slump sale

Stake/Capacity:

  • Acquisition of entire business operations and assets of Suguna Hospital
  • 110 operational beds with potential to expand to approximately 150 beds
  • Facility built on approximately 1 acre of land

Deal Value:

  • Cumulative transaction value: Approximately ₹277 Crores
  • Structure: All-cash consideration

Funding Source: Not disclosed in the document

Financial Impact:

  • Target revenue (FY26): ₹49,79,86,452 (₹49.8 Crores)
  • Historical revenue: FY24: ₹49,04,50,365; FY25: ₹49,90,49,374
  • Planned investments for upgrading medical infrastructure, expanding clinical programs, and adding bed capacity
  • Opportunity to leverage existing brand presence and enhance facility performance

Timeline:

  • Transaction consummated on October 28, 2026 at 06:42 P.M. (IST)
  • No further timeline requirements

Strategic Rationale:

  • Aligns with Company's cluster-focused inorganic growth strategy
  • Bolsters network in Bengaluru city, specifically North-West Bengaluru corridor
  • Positions Fortis as leading healthcare provider in North-West Bengaluru corridor with approximately 500 potential beds across existing facilities
  • Enables scale and synergy efficiencies to optimize operations
  • Strengthens clinical capabilities and brand presence
  • Serves an underserved catchment area

Approval Status:

  • Transaction consummated as per closing conditions
  • No governmental or regulatory approvals required

Shareholder Structure of Target:

  • Dr. Ramaiah Ravindra: 80.91%
  • Mrs. Suguna Ramaiah (Mother): 14.55%
  • Mrs. Sujatha Ravindra (Wife): 4.54%

Related Party Transaction: No

Facility Details:

  • Location: Dr. Rajkumar Road, 'N' Block, III Stage, Rajajinagar, Prakashnagar, Bengaluru
  • Commissioned: 2006
  • Type: Tertiary-care multispeciality hospital
  • Strategic location in affluent and densely populated catchment with strong connectivity