Fortis Healthcare

Fortis Healthcare Limited
Company typePublic
BSE: 532843
NSE: FORTIS
IndustryHealthcare
Founded1996; 28 years ago (1996)
Headquarters
Gurgaon
,
India
Area served
Worldwide
Key people
Ravi Rajagopal (Chairman)[1]
ProductsHospitals, Pharmacy, Diagnostic centres
Revenue₹6,359 crore (US$760 million) (2023)[2]
₹920 crore (US$110 million) (2023)[2]
₹611 crore (US$73 million) (2023)[2]
Number of employees
23,000 (2023)[2]
ParentIHH Healthcare (31.1%)
Websitewww.fortishealthcare.com

Fortis Healthcare Limited (FHL) is an Indian for-profit private hospital network headquartered in Gurgaon, India. Fortis started its health care operations in Mohali, Punjab, where the first Fortis hospital was started. Later on, the hospital chain purchased the healthcare branch of Escorts group and increased its strength in various parts of the country. The Escorts Heart and Research Center, Okhla,[3] Delhi became a major operating unit of the chain. Dr. Tehran, the current MD of Medanta and several others have started their careers at this institute.

The Fortis Memorial Research Institute (FMRI) hospital at Gurgaon[4] is the headquarter and flagship hospital of Fortis Healthcare, with all the major facilities at the hospital. It was named as 23rd smart hospital in the world for the year 2021.[5] FMRI was also named the 22nd-best hospital in the country for the year 2022 by Newsweek.[6]

Apart from Fortis Escorts Okhla & FMRI, Fortis Healthcare has other units in Dehli NCR as well, which include Fortis Hospital Faridabad, Noida, Vasant Kunj, Shalimar Bagh (Delhi) and at several other places in the country. Currently, the company operates its healthcare delivery services in India, Dubai and Sri Lanka with 36 healthcare facilities.[7][8]

Malaysia's IHH Healthcare became the controlling shareholder of Fortis Healthcare Ltd by acquiring a 31.1% stake in the company. Fortis Healthcare also appointed four persons from IHH Healthcare to its board in a meeting held in Mohali. The board approved the allotment of over 230 million shares through preferential issue to Northern TK Venture Pte Ltd, a wholly owned indirect subsidiary of IHH Healthcare, at ₹170 per share of ₹10 face value.[9][10]

  1. ^ "Fortis Healthcare appoints Ashutosh Raghuvanshi as CEO". The Economic Times. economictimes.indiatimes.com. Retrieved 7 February 2019.
  2. ^ a b c d "Fortis Healthcare Ltd. Financial Statements". moneycontrol.com.
  3. ^ "Fortis Escorts".
  4. ^ "Fortis Hospital Gurgaon has 1000 beds". docprime. Retrieved 14 November 2019.
  5. ^ "Fortis Memorial Research Institute bags recognition as smart hospital". www.biospectrumindia.com. Retrieved 16 March 2022.
  6. ^ Newsweek (2 March 2022). "World's Best Hospitals 2022 - India". Newsweek. Retrieved 16 March 2022.
  7. ^ "Fortis Healthcare – About Us".
  8. ^ "FORTIS HEALTHCARE LIMITED - Company, directors and contact details | Zauba Corp".
  9. ^ "IHH Healthcare completes Fortis deal by acquiring 31% stake". Live Mint. 14 November 2018.
  10. ^ "Fortis Hospital Noida". Full Details Information. 26 March 2019.