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Corporate News
22-Jun-23
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Fortis Healthcare to sell its Arcot Road unit for Rs 152 cr
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Fortis Healthcare has entered into a Business Transfer Agreement (“BTA”) with Sri Kauvery Medical Care (India) on 22 June 2023, for the sale of business operations (Arcot Road Business) of the Fortis hospital located at 23/1 Arcot Road, Vadapalani, Chennai, Tamil Nadu-600026
(Arcot Road Hospital), a unit of the Company, as a going concern, on a slump sale basis, to the Purchaser, for a lump sum consideration of Rs 152 crore.
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